Legg Mason Managers: Depression Unlikely, But Concerns Remain
Top managers from Legg Mason, including Chuck Royce, Hersh Cohen and Isaac Souede, think that stocks are priced for a depression but that a depression is unlikely (Souede thinks there…
Why Buy & Hold Isn't Dead
Validea CEO John Reese today writes for MSN’s Strategy Lab that those proclaiming the death of buy-and-hold investing are premature in their claims — very premature. Buy-and-hold has a two-century-plus…
Cramer Calls The Dow Bottom
RealMoney and CNBC’s Jim Cramer writes today on TheStreet.com that he believes the Dow Jones Industrial bottomed about two weeks ago when it hit the 7350 range during intraday trading.…
Looking for The Bottom? Legg Mason's Miller Says We've Hit It
Legg Mason fund manager Bill Miller — who once beat the S&P 500 for a remarkable 15 straight years before hitting an ugly patch over the past couple years —…
Grantham: Economy Could Struggle for a While; Stocks Won't
A couple more tidbits from Jeremy Grantham: the long-time bear who recently turned bullish tells USA Today that the economy could be in store for a lengthy period of trouble.…
Grantham Says '09 Analyst Earnings Estimates Much Too High
Jeremy Grantham, manager of the $100 billion investment firm GMO, believes analysts’ 2009 earnings estimates are “vastly overstated”, writes Forbes James M. Clash. “Grantham says S&P 500 earnings could easily…
Dreman: Now Is One of Greatest Buying Opportunities of Your Life
In Forbes new “2009 Investment Guide” issue, contrarian specialist David Dreman says that now is the time to buy stocks. “Do not flee the market by selling your quality stocks,”…
PIMCO's Gross: Stocks Cheap -- According to Old Standards
Bill Gross, managing director of investment manager PIMCO, says stocks are selling at very low historical levels — but only if looked at “in the context of a financed-based economy…