Bogle on The Next Decade

In an interview with Nightly Business Report, Vanguard founder John Bogle says he expects stocks to return an average of about 8% per year for the next decade, and adds that U.S. stocks may be a bit undervalued, with international markets a bit overdone. Bogle tells Susie Gharib that he doesn’t do one-year market forecasts […]

Fisher Sees “Well Above Average” Returns for 2010

In his latest Forbes column, Ken Fisher says that he thinks stocks will continue to produce above average returns in 2010, though the gains won’t be as great as they’ve been in 2009. Fisher says the huge ’09 rebound “was a textbook case of how markets are supposed to react to big bear markets and […]

No “New Normal”, but More Frequent Recessions, Says Top Forecaster

Lakshman Achuthan, managing director of the Economic Cycle Research Institute, says the U.S. economy will not enter a “new normal” of slow, anemic growth, but also says we’re headed for a period of more frequent recessions and “chronically high” jobless rates. Achuthan, whose group has a strong track record of forecasting economic movements, also tells […]

Siegel: Stocks Still Undervalued

Jeremy Siegel, the Wharton professor and Stocks for the Long Run author, thinks stocks remain undervalued, and says he expects US corporations to be producing record earnings by 2011 or 2012. In an interview with Advisor Perspectives, Siegel says he thinks fair value for the S&P 500 is 1300-1350, if current interest rates persist. He […]

Shiller, Case on Housing Market

Housing data has been improving in recent months, but Professors Robert Shiller and Karl Case (creators of the S&P/Case-Shiller Home Price Indices) say several potential problems are on the horizon for the housing market. Shiller and Case tell Bloomberg that looming resets to option ARM mortgages, a “shadow inventory” of homes that are currently owned […]

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 Composite all in the red since Jan. 1, 2000. But in an interesting piece for CBS Money Watch, Allan Roth says the reality wasn’t as […]

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 Gross, the term is used to describe the slower-growth, lower-return environment that many say will confront investors in the coming post-overleveraging period. But are we […]

Paulson Betting on Treasury Yield Increases

Hedge fund guru John Paulson thinks Treasury yields are going to rise, and he and other hedge fund managers are positioning their portfolios to benefit. Paulson recently told the Financial Times that he has been buying options that would make money if Treasury rates rise. The Times reports that TPG-Axon’s Dinakar Singh has been making […]

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 be more and more of a “drift” back toward stocks. He also says history shows that while the rally has been fast and steep, a […]

Top Timing Newsletters Bullish Heading into 2010

As the new year approaches, the investment newsletters with the best track records of success in both up and down markets are on the whole bullish, MarketWatch’s Mark Hulbert notes. According to Hulbert, the average recommended exposure to the domestic equity market among the newsletters making his 2010 “Honor Roll” is 82%, significantly higher than […]

Top Strategists See Moderate Gains in ’10

The strategists that Barron’s surveyed for its 2009 investment outlook have ended up faring pretty well as a group, with their average S&P 500 forecast of 1045 coming in about 6% below the index’s current level. Now, the dozen strategists that Barron’s is surveying this year are predicting more modest gains for 2010. The strategists […]

Trahan, Hyman on What to Expect in 2010

In a new interview with WealthTrack’s Consuelo Mack, ISI Group’s Francois Trahan and Ed Hyman — two of the top-rated strategists in their fields — offer their takes on where the market and economy will head in 2010. Trahan, ISI’s chief investment strategist and Institutional Investor magazine’s 2008 top-ranked investment strategist, told Mack that he […]

Metrics to Watch in 2010: Confidence, Unemployment

As part of its 2010 preview, PBS NewsHour asked some top economists what they think will be the key economic metric to watch in 2010. Robert Shiller, the Yale economist and housing bust predictor, says the key metric will involve confidence — specifically question x4 of the survey used in the Michigan Consumer Sentiment Index. […]

Emerging Markets Still Offering Opportunities, Mobius Says

Have emerging markets rallied too far too fast? Mark Mobius says no. Mobius, the longtime Templeton Asset Management manager, tells BusinessWeek that emerging market stocks are still selling at reasonable values, and that he’s finding good buys in China, Brazil, and a number of smaller emerging and frontier markets. While investors shouldn’t expect the same […]

Gross Decreases Gov’t Debt, Adds to Cash Position in Bond Fund

We recently highlighted how PIMCO’s Bill Gross has been touting high-yielding utility and telecom stocks, in large part because ultra-low interest rates are making many bond yields unappealing and money market accounts almost useless for those looking to growth their cash. In terms of what to do with extra cash, Gross doesn’t seem to think […]

Oberweis: Look to Small-Cap Growth, and China

Newsletter guru Jim Oberweis says that growth stocks are entering a period of above-average returns, and that small-caps and Chinese firms offer potential for serious growth. “While the overall U.S. economy may indeed exhibit a muted recovery, plenty of companies will thrive, particularly among small-cap stocks,” Oberweis writes in his latest Forbes colunn. “Many niche-oriented […]

A Cloudy Forecast

In his latest MarketWatch column, Mark Hulbert provides some interesting data on how the best — and worst — market-timers are viewing the current stock landscape. “There is today virtually no difference in the consensus stock market forecasts among the best stock market timers and among the worst,” Hulbert says, looking at the average equity […]

Heebner: Wind’s at Investors’ Backs

Kenneth Heebner, whose CGM Focus fund has lagged in 2008 and 2009 but remains far ahead of the market for the long term, says that investors shouldn’t worry about a double-dip recession, and that they have the wind at their backs heading into 2010. “What you have here is a situation where you have low […]

What Would Buffett Buy? Try Retail

What types of stocks might be on Warren Buffett’s Christmas list this year? Michael Brush of says one area of the market that fits the bill is retail, and he uses data from Validea’s Buffett-based screener to back it up. Brush notes that Buffett has already been adding to his retail stake, with his […]

Cohen, Doll & Bogle Weigh In

In an interview with CNBC, three top equity strategists — Abby Joseph Cohen, Bob Doll, and John Bogle — offered their takes on where the market and economy are headed in 2010. Here’s a brief summary of each of their outlooks. Cohen (President, Goldman Sachs’ Global Markets Institute): Cohen says she expects GDP growth of […]

Top Newsletter Editor: Trend Is Still Up

Michael Cintolo of The Cabot Market Letter — which has an excellent track record over the past decade — says that the stock market for the moment remains range-bound, but that investors should stay bullish. “The market continues to trade in a very tight range, though stocks have been ‘leaning higher’ in recent days, a […]

Schwab Chief: Don’t Bypass Financials

While a good amount of fear is still hovering over the financial sector, Jeff Mortimer, chief investment officer at Charles Schwab Investment Management, says that investors would be wise to include a significant amount of financial stocks in their portfolios in 2010. “What I worry about [for] the individual investor is that they are underweight, […]