Warren Buffett says the market’s recent declines mean nothing to his investing approach, and says Berkshire Hathaway has been adding to its positions recently. “It really doesn’t make any difference to us,” Buffett said on CNBC’s Squawk Box when asked about the market declining . “We were buying stocks on Friday, and we’ll buy the [...]
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Sonders on How to Grow without Stimulus
May 3, 2012
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Charles Schwab Chief Investment Strategist Liz Ann Sonders says that she expects “muddle-through” economic growth to continue, but she thinks the housing market has bottomed and says the stock market’s longer-term trend should be upward. “The bias is up, probably with a wider range and little bit more volatility than we enjoyed in the first [...]
Read moreCohen Sees U.S. Avoiding Recession
May 2, 2012
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Goldman Sachs Chief Equity Strategist Abby Joseph Cohen says she thinks the U.S. won’t fall into another recession, and sees stocks as “very attractively valued”. “All you need to believe is that we will avoid another recession over the next couple of years,” she told CNBC. “And that is indeed our forecast, even though we [...]
Read moreEinhorn Ups Bullish Bets, But Warns on Inflation
May 1, 2012
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Hedge fund guru David Einhorn says he increased his bullish bets last month, but remains concerned about several issues, including the Federal Reserve’s low-interest rate policy. In a conference call with Greenlight Capital Re investors, Einhorn said that he increased his bullish positions thanks to better-than-expected corporate earnings results, Bloomberg reports. But, he added, “This [...]
Read moreShiller on Housing, QE3
May 1, 2012
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Yale Economist Robert Shiller says he’s not sure if the housing market has bottomed, and says it’s likely that an environment of austerity is behind the recent economic slowdown. Shiller tells CNBC that another round of quantitative easing “might help, but I don’t know that it’s going to overwhelm the general mood of austerity which [...]
Read moreKrugman: Austerity — Not More Debt — Is The Danger
April 30, 2012
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Nobel Prize-winning Economist Paul Krugman is continuing to say that the U.S. needs to spend more — not undertake austerity measures — to get out of its economic malaise. Krugman tells CBS This Morning that European countries now undertaking austerity measures are showing how austerity in such situations makes the economy worse without even making [...]
Read moreEl-Erian: Macro Headwinds Battling Micro Strength
April 27, 2012
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PIMCO’s Mohamed El-Erian says that the U.S. economy is having trouble gaining traction, as evidenced by the latest GDP report. El-Erian tells Bloomberg that in addition to the headline growth number being lower expected, the drivers behind that growth were cause for concern. Consumer spending increased, he noted, but the personal savings rate declined, and [...]
Read moreRitholtz: Don’t Believe the Hype; American Future Is Bright
April 27, 2012
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Barry Ritholtz of FusionIQ and The Big Picture blog says that, despite what the doom and gloom crowd says, America is not in decline. Ritholtz tells Yahoo! Finance’s Daily Ticker that “there’s a tendency for people to extrapolate the most recent experience out to infinity”, which is what many have done in expecting that the [...]
Read moreShiller: Housing Could Fall Further — But Not By Much
April 24, 2012
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Yale Economist Robert Shiller, who predicted the housing market crash, says he thinks home prices could fall further, but he doesn’t expect more major declines. Shiller tells FOX Business Network that he thinks prices “could fall further — not that much probably — because there’s a readjustment in our thinking. … Our long-run opinions about real [...]
Read moreHussman: Profit Margins Skewing Valuations
April 23, 2012
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John Hussman, whose funds had strong long-term track records before getting hit hard the past few years, says those who contend stocks are cheap are way off base. “I can’t emphasize enough how badly standard P/E metrics are being distorted by record (but reliably cyclical) profit margins, which remain about 50-70% above historical norms,” Hussman [...]
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