Newsletter with Best 3-Decade Track Record Goes All-In

The top-performing market-timing newsletter of the past three decades has turned “aggressively bullish”, Mark Hulbert writes on MarketWatch.com. The Chartist, edited by Dan Sullivan, has the best track record of any of the market-timing letters Hulbert has followed since his Hulbert Financial Digest began tracking newsletter performance nearly 30 years ago. “In a communication to subscribers Monday evening, Sullivan recommended that subscribers move from being only partially invested in equities to being fully invested,” Hulbert… Read More

Siegel “Virtually Sure” It Won’t Be Long Before Market Yields Rewards

Wharton professor and author Jeremy Siegel has stood by his “stocks for the long run” philosophy during the recent bear market. Yesterday on NPR radio, he went even further, saying that he is “virtually sure” that it won’t be a long time before stocks start rewarding investors. “Looking forward, for everything that I think, it’s certainly going to be much better for investors,” Siegel said. “I’m virtually sure that it’s not going to be a… Read More

Gabelli, Grantham, Gross & Others Weigh In

A number of top investment strategists offered their opinions about the market and the economy at the recent Morningstar Investor Conference in Chicago, including value fund star (and Benjamin Graham disciple) Mario Gabelli. Gabelli, whose ABC fund posted its first negative returns in 14 years last year — when it dropped just 2% — sees opportunities in the market for long-term investors. “Basically we are very simple: What will the stock market do over the… Read More

Bogle on Valuations, the Economy, and Where to Invest Now

In a recent interview with MarketWatch, John Bogle says he thinks the market “probably has it about right” in terms of current valuations, but adds that investors should expect slower growth than they’ve grown accustomed to when the economy does turn around. “I would guess the market probably has it about right,” Bogle said. “I would guess that we have seen the low for the year and maybe the low for this cycle. … I’m… Read More

How You Can Be Like Buffett

In every other issue of my investment newsletter, The Validea Hot List, I look in detail at one of the computerized guru models I run on Validea.com. In this week’s issue, I outlined my Patient Investor strategy, inspired by the approach that Warren Buffett has used to become one of history’s greatest investors. Below you will find an excerpt from the newsletter along with a handful of top-scoring stock ideas based on the Buffett investment… Read More

Roubini Offers Good News (Sort Of)

Nouriel Roubini — the economist who predicted the economic crisis and who has been dubbed “Dr. Doom” for his dire predictions — now thinks the global recession will end later this year, significantly earlier than he has previously predicted. “We are not yet at the bottom of the U.S. and the global recession,” Roubini told Reuters. “The contraction is still occurring and the recession is going to be over more towards the end of the… Read More

Zweig: WWGD? (What Would Graham Do?)

Writing sixty years to the day after Benjamin Graham’s classic The Intelligent Investor was published, Jason Zweig says that Graham would be cautious amid a market like this one. “Today the market seems to be in just the kind of mood that would have worried Mr. Graham: a jittery optimism, an insecure and almost desperate need to believe that the worst is over,” writes Zweig, whose commentary accompanied the 2003 version of Graham’s famous book.… Read More

Yale’s Swensen on Asset Allocation — and Why to Avoid Mutual Funds

On WealthTrack with Consuelo Mack, Yale endowment guru David Swensen discusses his thoughts on how individual investors should structure their portfolios, where the markets are headed, and why you should steer clear of mutual funds. According to Swensen, who as manager of Yale’s endowment has grown the university’s portfolio from $1 billion to about $17 billion during his 24-year tenure, says that long-term individual investors should focus on equities — especially now. “With a long… Read More

Fisher, Others See Big Value in Russia

Kenneth Fisher and two other major money managers are making aggressive stock plays in Russia, where turmoil and problems persist but valuations are at the lowest levels of the 50 major markets, Bloomberg reports. “Russia in some ways today is just a levered play on the world,” said Fisher, who thinks we are in the early part of a global rally. “Early in a bull market, Russia is going to run more.” A big reason… Read More

Tilson Turns Bearish on Banks

About two months after turning bullish on some financials, Whitney Tilson — who predicted the housing bust and financial crisis — is now taking profits on some of his bank bets and predicting that more financial troubles are on the way. “There will be a headwind of continued losses for the better part of five years” with banks facing more losses on residential and commercial real estate, Tilson told Reuters, estimating additional losses of more… Read More