Gundlach and Others Offer Market Perspective

The upcoming presidential election is causing uneasiness, not just at the water cooler or the dinner table but also in the markets. Matt Schifrin, a managing editor of investing at Forbes, canvassed several of what he considers the “smartest market thinkers” for perspective and investment advice amidst the uncertainty. Jeffrey Gundlach, CEO, DoubleLine Capital says, “Trump is going to win, so that’s all that needs to be considered.” He believes that the “economic fearmongering” that… Read More

Shilling: Bond Prices to Rise in 2013

Economist Gary Shilling is betting on bonds over stocks in 2013. “I think you play it with a ‘risk-off’ kind of approach,” he tells Yahoo! Finance’s The Daily Ticker. “And that means you probably look for more appreciation in long-term Treasury bonds, which have been a favorite of mine since 1981.” Shilling says he doesn’t care that bond yields are exceptionally low. What he cares about is the direction of their yields, and he thinks… Read More

Shilling Sees Rough Times Ahead — But Opportunities, Too

Economist and INSIGHT newsletter editor A. Gary Shilling is expecting slow growth and deflation in the coming years, along with a secular bear market. But he says there will still be ways for investors to make money. In a piece published on MoneyShow.com, Shilling lists a number of areas he thinks will produce winners over the next decade. Among them: Utility stocks and other solid dividend players High-Quality bonds, especially Treasuries Consumer staples and foods… Read More

Shilling: Don’t Believe the Rally

Economist, money manager, and Forbes columnist Gary Shilling says talk of a “V” shaped economic recovery is overdone, and that we’re in a bear market rally — not a new bull market. Shilling tells Steve Forbes that he thinks stocks are in a bit of a bubble following the recent runup. “There was a realization earlier this year that the financial structure was not going to disappear into the earth, and that was certainly cause… Read More

Shilling: Still Bearish

Gary Shilling, the economist, money manager, and Forbes columnist, isn’t changing his bearish view, despite the market’s big recent rally. “I think it is a bear market rally,” Shilling told Yahoo! TechTicker this morning. He says he expects S&P 500 earnings of about $40 for 2009. Put what he calls a “generous” multiple of 15 on those earnings, he says, and you end up with a year-end S&P value of 600.

The Bond Fallacy

The bond bandwagon has gotten pretty crowded these days, with big names like Rob Arnott and Gary Shilling both writing that bonds — not stocks — appear to be the best long-term investment vehicle. In his Return on Investment column for The Wall Street Journal, however, Brett Arends counters the arguments that the bond proponents (and in particular Arnott) have been raising. “Obviously bonds, especially Treasurys, held up well during last year’s crisis,” writes Arends.… Read More

Shilling: Watch Out For S&P 600

Gary Shilling, president of A. Gary Shilling & Co. and Forbes magazine columnist, speaks to Yahoo! Tech Ticker about his outlook for stocks. He says that investors need to approach things “very cautiously” and that earnings on the S&P could come in at $40 per share next year. Assuming you have a multiple of 15 times earnings this puts the S&P at 600 (15 multiple x $40 per share for the S&P = 600) for… Read More