The Stealth Bull Market

MarketWatch’s Mark Hulbert says that, while the market has continued its upward trend in the past few months, sentiment remains quite low among market-timers — and that’s good news for stocks. As of Thursday, the shortest-term market-timers tracked by Hulbert’s Hulbert Financial Digest, on average, recommended that investors be 19.4% in stocks. “Though that may […]

Greenblatt: High-Quality Appears to Offer Most Value

Hedge fund guru Joel Greenblatt says that he thinks the best values in the stock market are probably now in the “high-quality” area, as opposed to the junk stocks that have led the recent rally. And, he says he’s not too concerned with potential inflation — or deflation, for that matter. Greenblatt, who uses a […]

Arnott: Think Deep — Value, That Is

Rob Arnott of Research Affiliates says that the recent rally has taken away from the attractiveness of many areas of the stock market, but he remains very high on beaten-down value stocks, which he says are still priced near Armageddon levels. “What we’re seeing is value priced as if Armageddon isn’t right next door; but […]

Grantham Expects “Painful” Pullback in 2010

In his third-quarter letter to clients, GMO’s Jeremy Grantham offers a scathing critique of a myriad of groups whose actions (or inactions) led to the current economic climate — from regulators to homebuilders to CEOs to politicans — and says the stock market is now 25% overvalued and due for a tumble. He also reiterates […]

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 […]

Don’t Fear Healthcare Stocks, Forester Says

While many investors are afraid of healthcare stocks right now because of the possibility of major industry reforms, the lone diversified stock fund manager to make money in 2008 is bullish on the sector. Tom Forester of the Forester Value fund says he thinks much of the potential bad news is already priced into healthcare […]

Be Nimble in this Market, Mauldin Says

John Mauldin, one of the few strategists who saw last year’s market meltdown coming, now says that he thinks the current environment calls for “nimble” investing. Mauldin tells Yahoo! TechTicker that he thinks investors can be traders or “ride the wave” in the current market, but adds, “I don’t think you want to buy something […]

Bolton Likes Value Stocks, Techs, Financials

Earlier this month we highlighted U.K. mutual fund guru Anthony Bolton’s call about a multi-year bull market being in the works, with developing nations leading the way. Today, speaking at a conference in Korea, Bolton expanded a bit on those comments, saying that he doesn’t think we’ll see a double-dip global recession. “We are in […]

Buffett Says Worst Is Over for Economy

Warren Buffett says that, while the near-term may not be easy sailing, the low point of the economic downturn has passed, The Wall Street Journal reports. Buffett, who made his comments at a gathering of payments industry executives, said that “enormous” progress has been made in the past year. The Journal also reports that Buffett […]

Tilson Sees Surge in Defaults, Market Downturn

Whitney Tilson, the columnist and money manager who called the housing crash, is now betting on another downturn in the stock market. Tilson, of T2 Partners, tells CNBC that “we’ve doubled our short book from 30% to 60% and we’ve trimmed our long book from 120%to about 90%.” His favorite short area: homebuilders. Tilson, who […]

Greenblatt Says It’s All about Discipline

Often times, investors get the idea that beating the market requires complicated strategies, whether in the form of complex mathematical formulas or highly technical timing mechanisms. Others assume that an investor needs to have some sort of specialized, inside knowledge or God-given natural ability to produce strong returns over the long run. In 2005, however, […]

Market Timing an “Exercise in Futility”, Swensen Says

In an interview with the Financial Times, Yale endowment chief David Swensen says that market timing is a futile exercise, and that investors should only invest in what they understand. Swensen, who has built an exceptional long-term track record by investing largely in illiquid assets, tells the Times’ Chrystia Freeland that even if he could […]

Biggs Sees More Gains on Horizon

Hedge fund guru Barton Biggs says he thinks stocks are going to continue to go higher, and expects another 10% to 15% gain for the market. Biggs offered that assessment to Bloomberg TV, basing his belief on an analysis of previous secular bear markets and their ensuing recoveries. He also says he’s heartened by the […]

Hulbert: Sentiment Remains Weak — and that’s Good

While the market is now up about 60% from its March low, newsletter tracker Mark Hulbert says that most managers remain very cautious — and that’s a sign the rally has more room to run. Hulbert says on that the average recommended equity exposure among short-term market timing newsletters is just 32.3%, which is […]