Wells Capital’s James Paulsen says that this year will be about revaluation for the stock market, and that if inflation is kept under control, the market could have a slow and steady climb for some time. “Last year we had a good gain in earnings, but the multiple on the market contracted because of two [...]
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Cohen 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 moreSiegel Sees Market Moving Higher, But Warns Of Tax Headwind
April 17, 2012
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Author and Wharton Professor Jeremy Siegel says he thinks stocks will move higher by the end of 2012, but thinks the lack of resolution regarding extensions of key tax cuts will cap the gains for the year. Siegel tells Bloomberg he thinks that resolution will come on those tax cut extensions by the end of [...]
Read moreCohen: U.S. Has Advantages Over Other Developed Economies
April 3, 2012
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Goldman Sachs partner Abby Joseph Cohen says she expects U.S. stocks’ bull run to continue, and says she thinks the next recession won’t happen anytime soon. Cohen tells Bloomberg that she thinks the “next recession is some significant distance off into the future”, and that growth doesn’t need to be spectacular for U.S. equities to [...]
Read morePaulsen: Stocks Are Attractive, Gold Is Not
April 2, 2012
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Wells Capital’s Jim Paulsen says the stock market environment “remains very good”, though he advises shifting out of stocks that have done well in the first quarter and into those that have lagged. Paulsen tells CNBC that the S&P 500 may be cheaper than it was when it reached its high of 1365 last year, [...]
Read moreValuation Expert Says Market Only “Slightly Expensive”
March 28, 2012
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An expert on stock valuation who warned about the late-1990s Internet bubble says that stocks aren’t near bubble territory today. Stocks are only “slightly expensive relative to their long-term average,” John Campbell, who is the chairman of Harvard’s Economics Department — and who was with Robert Shiller the co-author of a late-1996 paper that warned Federal Reserve [...]
Read moreWoodford Says Economy Doesn’t Support “Wave of Optimism”
March 26, 2012
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Top U.K. fund manager Neil Woodford sees a “wave of optimism” among stock investors, and says it may be unjustified given the state of the global economy. “The current wave of optimism sweeping global stock markets assumes that the developed world will now emerge from the period of low economic growth it has faced since [...]
Read moreMobius: Russia “Too Cheap To Ignore”
March 12, 2012
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While Russian stocks struggled mightily last year, Templeton Asset Management’s Mark Mobius says they are the most attractive of the “BRIC” nation equities in 2012. Mobius tells Investment Week that the Russian market “is still extremely cheap … trading at an average P/E ratio of below 10, which is too cheap to ignore,” and says [...]
Read moreThe ’90s Valuations Were Right, Just Early, Says JPM Strategist
March 8, 2012
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J.P. Morgan senior economist James E. Glassman says the stock market remains cheap, and thinks that the macroeconomic picture remains bullish for stocks while the micro outlook involves some cautiousness. “The macroeconomic backdrop indicates that the wind remains at the back of the stock market,” Glassman writes in recent market commentary. “Cyclical recoveries and the [...]
Read moreNygren: More Gains to Come
March 5, 2012
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Top-performing fund manager Bill Nygren of Oakmark says he sees a number of reasons why stock returns this decade will “far surpass” those of the previous decade. “We think there are more profits to come,” Nygren writes in a letter to shareholders, noting that all three of Oakmark’s domestic funds are now at all-time highs. [...]
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