Every other issue of The Validea Hot List newsletter examines in detail one of John Reese’s computerized Guru Strategies. This latest issue looks at the Kenneth Fisher-inspired strategy, which has averaged annual returns of 11.7% since its July 2003 inception vs. 2.5% for the S&P 500. Below is an excerpt from the newsletter, along with several top-scoring [...]
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Tag Archives: Kenneth Fisher
Fisher: The Economic Data Is Better than Many Think
October 31, 2011
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Kenneth Fisher says the fact that GDP growth nearly doubled in the U.S.’s third quarter is far from the only positive economic sign out there — even though the media continues to focus on the negative. In a post on Forbes.com, Fisher points to a number of economic figures, including improving manufacturing numbers in the [...]
Read moreGDP Fixation Is “Silly”, Fisher Says
October 19, 2011
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Investors will no doubt be eagerly awaiting the third-quarter gross domestic product readings in the coming weeks. But top investor Kenneth Fisher has advice for them: Ignore it. “GDP calculations are useful — to a degree. But they’re government-compiled, hence wonky, based on inherently flawed assumptions and surveys,” Fisher writes in an Interactive Investor column. [...]
Read moreFisher: Election Year A Bullish Sign For Stocks
October 14, 2011
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In his latest piece for Forbes, Kenneth Fisher says he thinks President Obama will be tougher to unseat than many Republicans seem to think. But regardless of who wins, he says, the fact that we’re heading into an election year bodes well for stocks. “Of the 21 election years since the S&P index began, 17 [...]
Read more“Correlations” Often A Myth, Fisher Says
October 6, 2011
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Correlation is something that is often cited by market analysts — when X happens, it causes Y to happen in the stock market. But in his latest piece for Forbes, Kenneth Fisher says simple statistical analysis shows that many of the alleged causes of market movements are more myth than reality. “Almost every day you [...]
Read moreFisher: Ignore “Chittering Chimpanzee” Pundits
September 21, 2011
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Kenneth Fisher says investors’ short memories are causing them to fall prey to overblown fears about the economy and stock market, and says he thinks stocks will make some nice gains between now and the end of the year. “Last year we were fixated on Congress with health care and Dodd-Frank concerns — and PIIGS [...]
Read moreFisher: Like QE2, QE3 is Unnecessary
September 6, 2011
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While murmurs of a potential “QE3″ — that is, a third round of quantitative easing by the Federal Reserve — continue to hover over the stock market, Kenneth Fisher says such a plan is unnecessary. “Everyone wants to see slowing growth in Q1 and Q2 as rock solid evidence of recession ahead — instead of [...]
Read moreFisher: This Is No 2008; Buy on Volatility
August 25, 2011
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Kenneth Fisher says the wild recent market swings are not the start of another 2008-like plunge, and thinks the global bull market in equities will resume “with gusto” in 2012. “I continue to believe 2011 delivers relatively muted broad index returns, with a lot of choppiness en route, and recent volatility is perfectly in line [...]
Read moreFisher on Babson’s Market Cycles
August 5, 2011
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Referencing the work of famed business theorist Roger Babson, Kenneth Fisher says cyclical forces indicate we’re in a time when investors should be buying stocks. In his latest Forbes column, Fisher says that Babson’s extensive research found that the market could be in one of four cyclical conditions: overexpansion; decline following overexpansion; steep recession; or [...]
Read moreDon’t Succumb to “Morphing Fears”, Fisher Warns
July 6, 2011
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Kenneth Fisher says investors are letting their past fears get in the way of their present investing, falling prey to the “morphing fear phenomenon”. “In any bear market something frightens us — whether justified or not — and recessions always do,” Fisher writes in his latest Forbes column. “Early in the subsequent bull market and [...]
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