Charles Schwab’s Liz Ann Sonders — who made what appear to have been very accurate calls on the start and end of the recent recession — says the U.S. economic recovery is now entering self-sustaining mode. “It’s more than just a ‘sugar high’,” Sonders tells Harlan Levy in an interview on Seeking Alpha. “This is […]
Fund manager Ken Heebner says he thinks the U.S. economy will continue to recover, regardless of what happens with Europe’s debt woes. “I think the American economy is not dependent on what happens in Europe,” Heebner tells CNBC. “The uptrend in the American economy, I think, is strong. I think the consumer has shifted decisively […]
Author and Wharton professor Jeremy Siegel continues to be bullish on the market, saying he sees another 10% to 15% in gains for stocks by year-end. Siegel says that “extraordinarily strong” earnings and worldwide economic growth are behind his short- and medium-term bullish stance.
In his latest Forbes column, Ken Fisher reiterates his bullish stance on stocks, and offers several reasons why he’s optimistic. Among Fisher’s bullish points: “The GDP-weighted global yield curve (spread between long-term and short-term government interest rates) is steeper than it has been since the 1960s.” That, he says, means increased future lending for banks, […]
MarketWatch columnist and money manager Jon Markman says that while many investors don’t believe it, the rally still has plenty of room to run — and that corporations will keep it rolling even if individual investors don’t. Markman points to the government’s massive stimulus plan, record low interest rates, and the large amounts of money […]
Jeremy Grantham isn’t the only successful investor who’s finding big values in big stocks. Thomas Perkins and Donald Yacktman are among the investors with strong long-term track records now finding good buys in large-cap stocks, BusinessWeek reports. Perkins, whose Perkins Investment Management Mid-Cap Value fund has outperformed its peers by more than 4 percentage points […]
In his latest quarterly letter, GMO’s Jeremy Grantham says stocks are overvalued, but likely to continue rising — and rising to dangerous “bubble” levels if the economic recovery is a slow one. “Even though I guessed last April that we would have a quick rally to 1100, this looks quite likely to be far more,” […]
Are fears about the burgeoning U.S. government debt merited, or overblown? In an interview with CNBC, University of Texas Economics Professor James Galbraith says that the debt discussion involves a good deal of “fearmongering”, and that low interest rates mean the U.S. will have “no problem” financing its debt. (In fact, according to CNBC, the […]
Blackrock’s Bob Doll says that, while it may be due for a “stall” or sideways consolidation, he thinks the market’s longer-term direction will continue to be upward, as long as we continue to see strong GDP, earnings, and revenue numbers. He’s high on energy- and industrial commodity-related stocks.
With the market up close to 80% off its March 2009 lows, is there still money to be made in stocks? Two value managers with excellent long-term track records, Bill Nygren and Russell Croft, both tell BusinessWeek that there is. Nygren says that while many investors are focusing on 2010 earnings to gauge market value, […]