Grantham Bashes The Fed, Still Likes High Quality

In his latest market commentary, GMO’s Jeremy Grantham says the Federal Reserve has caused extensive damage to the economy by its manipulation of interest rates and asset prices, and is continuing to do so. Grantham’s lengthy letter (it runs 16 pages) covers a variety of topics. A few highlights: He says that, contrary to popular […]

Ritholtz Likes Telecoms, Wary of Gold

Barry Ritholtz of FusionIQ and The Big Picture blog has been moving back into stocks, and says a “Don’t Fight The Fed” viewpoint is a big factor in his moves. “When the Fed comes out and says, ‘Gee, the economy is worse than we expected,’ that things are taking much longer to get back to […]

Oberweis: Small Caps Ready to Roll

In his latest Forbes column, newsletter guru Jim Oberweis says small-cap stocks are primed for a strong run. “Ironically the best time to buy small caps is when investors are shunning them — typically at the tail end of difficult recessions,” Oberweis writes. “Interest rates have no place to go but up, and I believe […]

Reese: Five Top-Line Stars

While many firms have been posting strong profit numbers recently, many investors have been worrying about top-line revenue growth. Cost-cutting can only go on so long, the logic goes — if companies can’t generate demand and grow sales, they eventually will run into a profit-growth wall. But while top-line growth has been a big concern, […]

Sonders: Pessimism Is Biggest Enemy

While many continue to fret over GDP growth, employment levels, forclosure fraud, and a myriad of other concerns, Charles Schwab’s Liz Ann Sonders says it’s the fretting itself that may be the biggest impediment to market gains. “I’m always most intrigued by the story that the least amount of people are telling, and the story […]

Gross: QE2 Is Trouble, But It’s Bernanke’s Only Choice

While hopes of another round of quantitative easing from the Federal Reserve have boosted the stock market, PIMCO’s Bill Gross says such a tact is fraught with dangers. In his latest market commentary, Gross says the Fed’s expected announcement of more easing next Wednesday “represents a critical inflection point in determining our future prosperity.” He […]

Shiller Talks Housing

Yale economist Robert Shiller offers his latest take on the housing market. Shiller tells Yahoo! TechTicker that right now, making big bets on real estate — as hedge fund guru John Paulson has done — is a “risky bet”.

Tilson: The U.S. Is Not Japan

While many investors are fearing that the U.S. will slide into a lengthy deflationary spiral similar to that which Japan has endured, top value manager Whitney Tilson says that is unlikely. Tilson offers Business Insider three reasons that the odds of the U.S. entering such a period are less than 5%: Compared to the size […]

Leuthold Bullish for Now, But Fears Deficit Problems

Top fund manager Steven Leuthold says he’s bullish on stocks for the rest of 2010. But he tells Bloomberg that he’s hesitant to look beyond the end of the year because of the looming U.S. budget deficit, which he calls a “giant gorilla in the room”. Leuthold says he has about 60% exposure to equities […]

Miller: Best Time to Buy Stocks Since Early 80s

Legendary Legg Mason fund manager Bill Miller is seeing a variety of factors aligning to make this the best time for long-term investors to buy stocks since the early 1980s. Miller, who beat the S&P 500 for 15 straight years before falling on hard times in recent years, also tells CNBC that he’d “be surprised […]

Hussman on Why QE2 Misses the Point

Stocks have been on the rise recently, thanks in large part to speculation that the Federal Reserve will engage in more quantitative easing to spur the economy. But fund manager John Hussman says there’s just one problem with “QE2”: It addresses issues that aren’t actually the cause of the economy’s problems. In his latest market […]

Sonders Sounding Bullish, But Skeptical of QE2

Charles Schwab’s Liz Ann Sonders says she sees stocks rising by the end of 2010, though she also expects — and welcomes — some shorter-term weakness. “We believe the more likely path of the stock market for the rest of 2010 is to the upside, although it’s likely to come with bumps along the way,” […]

Biggs Bullish, Wants More Easing

Hedge fund guru Barton Biggs says that, while it can be a “dangerous exercise” if it fails, further quantitative easing will work and should be pursued by the Federal Reserve. Biggs also tells CNBC that he thinks the market has more room to run, and that big, high-quality U.S. and European stocks are the “cheapest […]

The Macro Debate

Macroeconomic factors have been a driving force behind stock market moves in the past couple years. But how much should the recent increase in the impact of macro factors on the market affect stock investors’ strategies? Some of the world’s top managers are expressing different opinions, according to a Bloomberg article. Chuck Akre, for example, […]

Rogers on How to Profit from the Takeover Takeoff

Ariel Investments’ John W. Rogers Jr. says Corporate America’s appetite for takeover deals is creating big opportunities for investors. Rogers, whose Ariel Fund is in the top 10% of funds in its class over the past year and the top 12% over the past ten years, writes in his latest Forbes article that “small investors […]

Fisher on QE2: Don’t Do It

Top money manager Kenneth Fisher says the Federal Reserve should not engage in another round of quantitative easing. “There’s no reason for the United States to be doing quantitative easing,” Fisher says, according to Bloomberg. “It increases risk aversion for U.S. stocks. It’s got a slight tendency to want to motivate you to underweight U.S. […]

Ritholtz: Don’t Fight The Fed

Barry Ritholtz says that the market has shown resilience in recent months, and says Federal Reserve’s stimulative policies make it hard to bet against the market. “You can’t really be short a market where the Fed is saying we’re going to do whatever it takes to hold up every asset class,” Ritholtz tells Yahoo! TechTicker. […]

Nygren: Equity Returns Likely to “Dominate” Fixed Income Returns

In his third-quarter commentary, top value fund manager Bill Nygren says equities are “highly likely to dominate returns” from fixed income investments. “We continue to believe that equities are attractively priced and are highly likely to dominate returns from more popular assets such as fixed income,” Nygren writes in his commentary, which is posted on […]

Sentiment Levels Bode Well for Stocks, Hulbert Says

Mark Hulbert says the market could be in for an “explosive” jump higher, if and when it passes its April highs. In his latest MarketWatch column, Hulbert says that while the market is trading at almost the same level it was back in late April, “there are a lot of things different about today’s market” […]

Herro Focused on Fundamentals, Not Macro

While many investors are keying on macroeconomic factors these days, top fund manager David Herro says he’s sticking to fundamentals. “People are afraid to stay focused on the fundamentals, so they are going to the macro,” Herro, whose Oakmark International fund is in the top 2% of its peers over the past ten years, the […]