Shiller: Hurdles Await Housing Market

The housing market, which was at the heart of the 2008 financial and stock market meltdowns, is improving but has some big hurdles ahead, says Yale economist Robert Shiller. He tells Bloomberg that “the big cloud on the horizon is the withdrawal of government support”. Shiller says where the housing market goes after government support […]

Sonders Remains Optimistic

While some have been concerned about the low volume and lessened volatility in the market of late, Charles Schwab’s Liz Ann Sonders remains upbeat on stocks. “The grinding-higher [market] action that has resulted is certainly no disappointment,” Sonders says in her latest market commentary, written with Brad Sorensen. “The market has moved through important resistance […]

Berkowitz Targets Financials

In an interview with Barron’s, top fund manager Bruce Berkowitz says that he’s high on some of the firms most beaten down by the financial crisis — including Citigroup and AIG — and that we’re reaching a point where finding “really great investments” is going to become more difficult. “There were some obvious and wonderful […]

Ellison Continues to Find Attractive Financials

David Ellison, the fund manager and Peter Lynch disciple who sidestepped much of the financial sector meltdown and then turned bullish on the sector shortly before the March 2009 low, is keying on stable, deposit-taking banks. “I am looking for companies that have stable deposit franchises,” Ellison, whose funds focus on the financial sector, tells […]

Doll: The Positives Are Trumping The Negatives

Blackrock Chief Equity Strategist Bob Doll thinks job growth is “right around the corner,” and says he doesn’t think we’ll see a double-dip recession. Doll tells CNBC that while problems exist, the positives outweigh the negatives for the stock market, and that self-sustaining mechanisms for growth are developing in the economy. He also talks about […]

Forester Sees Problems Ahead

Tom Forester, whose Forester Value fund was the lone long-only mutual fund to make money in 2008, says he thinks the market has gotten pricey and sees more trouble on the horizon for banks. “The markets are trading at about 20 times earnings. Historically, the average is about 14. So things are looking pretty rich […]

Hussman Defensive as More Credit Woes Loom

John Hussman is continuing to maintain a defensive position on stocks, saying that two dangers — an overbought, overvalued market and the coming to roost of a second wave of credit losses — mean investors should be cautious. “It is important to note that our current defensive position is driven by the present combination of […]

Fisher: Keep Buying While Sentiment’s Weak

As we enter the second year of the bull market that began last March, Kenneth Fisher remains high on stocks. “One year into the current bull market I like what I see,” Fisher writes in his latest Forbes column. “Globally improving fundamentals plus strong societal skepticism. Snarky, cranky sentiment and better fundamentals are the classic […]

Yacktman Loaded Up on High-Quality Stocks

Top fund manager Donald Yacktman is continuing to focus on high-quality stocks, instead of the lower-quality issues that led the market’s big rally last year. “It’s been a shift away from things that have more economic sensitivity toward things that are just more predictable,” Yacktman says, adding that his firm is “loaded” with high-quality stocks […]