Columnist and money manager Doug Kass has made some solid calls on the market’s movements in recent years, and now he thinks the market is topping out. Kass tells CNBC that he’s skeptical that the Federal Reserve’s latest round of quantitative easing will have the impact many are hoping for. He adds, however, that he thought the market topped about 50 or 60 points ago on the S&P 500, and the index has continued to… Read More
As part of a recent charity event, top strategists John Rogers and David Herro talked about where they are currently finding value in the market. Rogers, who heads Ariel Investments, “focused on long-term value investing in ‘out of favor’ media stocks” at the Chicago event, Crain’s Chicago Business reported. Rogers recommended that attendees take a look at three of his media holdings, Gannett Co., CBS Corp. and Viacom Inc. Herro, who was recently named one… Read More
Mark Hulbert says the market’s recent rally shows that the summer troubles were merely a correction in an ongoing bull market, and says sentiment remains relatively low — a good sign. “A bull market can be thought of as a bucking bronco in a rodeo, trying its darndest to throw everyone off its back on the way to the other side of the ring,” Hulbert writes in his latest MarketWatch column. “And it’s doing an… Read More
Hedge fund guru Barton Biggs says Federal Reserve Chairman Ben Bernanke did what he had to do in employing the latest round of quantitative easing. Biggs tells Bloomberg that Bernanke is trying to get the U.S. out of the “normal deflationary death spiral that would follow a big financial panic”. But Biggs also says that while QE2 is the right move in the short term, it could result in big problems down the road. [youtube=http://www.youtube.com/watch?v=S0gts9XI8zs]
In his latest column for Seeking Alpha, Validea CEO John Reese details his market-trouncing Benjamin Graham-inspired Guru Strategy, which Seeking Alpha users can now get access to for free. “Today, many investors look to Warren Buffett for advice about the stock market and the economy,” Reese writes. “But before he became one of the world’s richest men and greatest investors, there was someone whose investment advice Buffett himself cherished: Benjamin Graham. And Buffett was far… Read More
Charles Schwab Chief Investment Strategist Liz Ann Sonders says she’s bullish on stocks over the long run, and expects technology stocks will continue to lead the market’s rebound. In an interview with The Record of New Jersey, Sonders says there are signs the market may make a bit of a pullback in the short term. “But longer-term, third-quarter earnings have been better than expected,” she says. “The profit expectations for coming quarters have been quite… Read More
The Wintergreen Fund’s David Winters says the widespread pessimism about stocks is creating big opportunities in the market. Winters, whose fund has about 90% of its assets in stocks, tells Consuelo Mack of WealthTrack that he currently has the highest-quality portfolio he’s ever had. He’s particularly keying overseas on the Far East, and says the financial crisis has exacerbated a major shift of economic power in that direction.
The Wall Street Journal’s Jason Zweig says many money managers are failing to use a fairly simple tactic — portfolio rebalancing — that could be costing clients a good deal of money. “Investment professionals are supposed to exercise independent judgment; in Warren Buffett’s words, they should be fearful when others are greedy and be greedy only when others are fearful,” Zweig writes. “It doesn’t always work that way. Corporate pension funds had 69% of their… Read More
Ken Fisher thinks the mid-term elections have laid the groundwork for a significant jump in stocks. “Markets don’t like big sweeping actions,” Fisher told Bloomberg. “Right now, every politician is chirping and burping and carrying on. It’s been in the interest of the Republicans running for office to talk down the economy. That goes away immediately after the election. Come June, you’ll see how quiet the political landscape will be — very little legislation and… Read More
Each week, we take a look at which stocks John Reese’s Validea.com Guru Strategy computer models have newfound interest in, and which they have soured on. Here’s a look at some of the stocks John’s strategies have upgraded or downgraded today. Among the bigger-name movers: BP and ConocoPhillips.