Columnist and money manager Doug Kass is standing by his earlier call that the S&P 500 has hit its high for the year, but says current conditions make for a “fertile environment” for stock-pickers and traders. “My guess is that the risk/reward has tilted slightly more positive based upon the strength of the domestic economy coupled with the several percentage point drop in the markets over the last few weeks,” Kass writes on TheStreet.com. “The downside to stocks might be contained to the 1,140-1,150 area on the S&P, and the upside might be limited to 1,240-1,260 through the end of […]
While potential interest rate hikes in China have concerned investors, Byron Wien says he remains bullish on the country. Wien, the vice chairman of Blackstone Advisory Services, tells Yahoo! TechTicker that China has been successful in confronting every economic problem it has faced, and that its authoritarian government actually makes addressing economic problems easier than it would be in a democratic country. Wien also discusses why more stringent down payment regulations make China’s hot housing market much different than the U.S.’s housing market was before the bubble burst.
In his latest article for Seeking Alpha, Validea CEO John Reese takes a look at his David Dreman-inspired strategy, which is handily beating the market both this year and over the long haul. “While most of the gurus upon whom my ‘Guru Strategies’ are based are contrarians, one stands out among all the others: David Dreman,” Reese writes. “Throughout his long career, Dreman has sifted through the market’s dregs in order to find hidden gems, and he has been very, very good at it.” Reese’s Dreman-inspired portfolio has averaged annual returns of more than 8% since its July 2003 inception […]
The investment world usually waits with bated breath to see how “Black Friday” goes, assuming that the big holiday shopping kickoff will be a sign of consumers’ financial health and their willingness to spend during the biggest shopping season of the year. That often drives the market upward or downward in the day or two after Thanksgiving, MarketWatch’s Mark Hulbert writes But, Hulbert says, those Black Friday-driven moves aren’t an indicator of how the rest of the year will turn out for the market. “It turns out, however, that the stock market consistently places too much importance on Black Friday,” […]
While many are fearful about the repercussions of the Irish debt crisis, hedge fund manager Barton Biggs says both the U.S. and global economies are improving. Biggs tells Bloomberg that he has about half his portfolio in emerging markets, mostly in Asia, and half in U.S. stocks. He also says that, “all things being equal”, he thinks the next move for stocks may well be a big one to the upside.