Fisher: Second Leg of Bull Coming

Kenneth Fisher says the current correction is “the most textbook perfect” one he’s seen in 12 years, and says the second leg of a bull market is coming. Fisher writes in his latest Forbes column that the last correction that was this textbook was the 1998 correction, which was fueled by the Asian contagion, the […]

Arnott: Investors Looking in Wrong Places for Sovereign Debt

In his latest newsletter (click here for a PDF version), Research Affiliates’ Rob Arnott offers some interesting data on sovereign debt — data that indicates many investors are buying up bonds from the wrong countries. While investors have been pouring into U.S. Treasuries, Arnott says the U.S. — and many other developed countries — aren’t […]

Sonders: Double-Dip Still Unlikely

Charles Schwab Chief Investment Strategist Liz Ann Sonders continues to sound skeptical that the U.S. is entering the second leg of a “double-dip” recession. “Although rhetoric surrounding a double-dip recession has increased throughout the summer, we remain relatively optimistic that economic growth will remain positive (albeit low) and that from a sentiment and valuation perspective, […]

Herro Goes Against Crowd, Keys on Europe

Top fund manager David Herro, who has beaten the market handily over the long haul by going against the crowd, is now keying on a couple very unloved areas of the world: Europe and Japan. While many investors are focused on hot-growth emerging market areas, Herro’s exposure to emerging markets is just 7%, SmartMoney reports. […]

Berkowitz on Why He Still Likes Financials

Morningstar domestic stock fund manager of the year Bruce Berkowitz is standing by his big bet on beaten-down financials, and recently explained why on Consuelo Mack’s WealthTrack. Berkowitz says that, having been incredibly scrutinized in recent years, financials now have strong balance sheets and excellent earnings power — and are trading at extremely cheap valuations. […]

Top BlackRock Manager Eyes Blue Chips

Dennis Stattman, whose BlackRock Global Allocation Fund has an excellent long-term track record, says big blue chips are offering lots of value. Stattman tells Bloomberg that blue chip companies like  Johnson & Johnson and Microsoft have global franchises, strong cash flows, and solid dividend yields these days. “We can’t find a stock among the 20 […]

Gross on What the Government Should Do

PIMCO founder Bill Gross thinks the government needs to get more involved in the housing market to help spur the economy, and he also thinks the U.S. needs to direct its stimulus funding differently. Gross discusses those issues and also gives his bond and stock market outlook on CNBC, saying that he’s currently high on […]

“Canadian Buffett” Betting on Deflation

Prem Watsa, known as the  “Canadian Warren Buffett”, appears to be making a big bet that the U.S. will be hit by an extended period of deflation. According to The Wall Street Journal, Watsa’s firm, Fairfax Financial Holdings, “has spent nearly $200 million to buy derivative contracts wagering on a decline in the consumer-price index, […]

Shiller: July Home Sales Drop an Anomaly

Yale economist Robert Shiller says the poor home sale figures in July came in an “anomalous” month. Shiller tells Bloomberg that the scheduled expiration of the government’s homebuyer tax credit program led many buyers to rush to get their purchases made by the June 30 deadline, meaning that a July dropoff shouldn’t be a big […]