Nobel Prize-winning Economist Joseph Stiglitz says the stock market’s continued rise is a sign of economic weakness, not a precursor to strong economic growth.
While many are worrying about a bear market, contrarian guru David Dreman thinks the bull has a long ways to run — though not without some bumps along the way.
Over the past five years, stock returns have been well above their long term average. But over the last ten years, they remain below the average. So what does Wharton professor and Stocks For The Long Run author Jeremy Siegel think is in store going forward? More gains, though the seas could be choppy.
Charles Schwab’s Liz Ann Sonders thinks that the economy is improving following a weak first quarter, and thinks the bull market isn’t done.
Since the financial crisis and Great Recession, many investors have been basing their decisions on macroeconomic factors, something that most value investors might frown upon. But Vitaliy Katsenelson says that while investors shouldn’t pay attention to the daily shifts in macro “weather”, they would be wise to pay attention to macro “climate change” — which, he says, is what Warren Buffett does.
PIMCO bond guru Bill Gross says the Federal Reserve is confronted with a big challenge in trying to determine a “neutral” interest rate that will accomplish all its goals — and he says PIMCO and the market have very different estimates of what that neutral rate will be.
Nouriel Roubini — known as “Dr. Doom” for his often-dire predictions — thinks we’re in the early stages of a credit bubble that will be difficult to avoid given the Federal Reserve’s current predicament.
Warren Buffett says he wasn’t too surprised by the weak first quarter GDP report, and says things appear to be picking up in the second quarter.