Conventional wisdom holds that the second year of a U.S. president’s term in office — which, for President Obama, began this week — tends to be a bad one for…
Category: Historical Lessons
What Works in Year Two of a Bull?
James O’Shaughnessy’s What Works on Wall Street details one of the most extensive studies of stock returns and stock-picking strategies ever performed. Now, as we approach the second year of…
Validea's Reese High on High-Quality Stocks
In his latest column for Canada’s Globe & Mail, Validea CEO John Reese says that investors would be wise to focus on “high-quality” stocks, particularly given current market conditions. Reese…
Fisher on which Sectors to Target
In an interview with Bloomberg, Kenneth Fisher says that he’s high on some chemical stocks right now, for both fundamental and cyclical reasons. Fisher says the stocks that usually lead…
What an Inefficient Market Means for Investors
In his latest Wall Street Journal column, Jason Zweig offers an interesting take on the efficient market hypothesis, channeling the late, great Benjamin Graham for guidance. Zweig says that while…
Sonders Optimistic on 2010 -- Cautiously
Charles Schwab Chief Investment Strategist Liz Ann Sonders, one of the few to accurately call the start of the recent recession, says she’s expecting some nice surprises from the economy…
Ibbotson on the Overlooked "Liquidity Premium"
Yale Professor and money manager Roger Ibbotson, whose research into historical stock returns is among the most extensive available, says that investors can get a premium by investing in stocks…
The Lost Decade? Maybe Not
The general consensus in the media has been that the 2000s was a “lost decade” for stocks, with major indices like the Dow Jones Industrial Average, S&P 500, and Nasdaq…
New Normal? Don't Count on It, Says Farrell
Since the financial crisis hit last fall, one of the most-used terms popping up in stock market and economic parlance has been “the new normal”. Often attributed to PIMCO’s Bill…
Birinyi: History Shows Rally Doesn't Have to Stop
Laszlo Birinyi, who called the current market rally, sees stocks’ bullish run continuing into 2010. Birinyi tells Bloomberg that the economy will surprise to the upside, and that there will…