Mobius: EMs Safer than Treasuries, Dollar

Templeton Asset Management’s Mark Mobius says the U.S.’s debt issues have made emerging markets a safer bet than U.S. Treasuries and the dollar, and says he doesn’t think another global recession is coming anytime soon. “The debt crisis in the U.S. and Western Europe puts emerging markets in a very strong position because their debt to GDP ratios are much lower than the developed countries and their foreign reserves are greater than the developed countries,” Mobius told CNBC, which reports that he’s also bullish on commodities and gold. Mobius sees positives in the U.S., however. “The consumer is alive and […]

Siegel and Shiller Debate the Debt Conundrum

How should the U.S. go about cleaning up its debt mess? In a recent interview with MarketWatch, two of the world’s top economic minds — Professor Jeremy Siegel of Wharton and Professor Robert Shiller of Yale — offered their takes. Siegel says Medicare is the big issue the government needs to address, and he doesn’t think tax increases will be necessary. Shiller says a policy of “tax and spend” that gets more Americans back to work is needed, though he says it would be extremely unpopular. Neither Siegel nor Shiller thinks U.S. legislators will allow a debt default, despite the […]

Sonders: Market Outlook Is Better than You Think

Charles Schwab Chief Investment Strategist Liz Ann Sonders says she doesn’t think a double-dip recession is in the cards, and thinks the outlook for the market is good — even if growth is slow. Schwab tells Yahoo! Daily Ticker that valuations look good based on 2011 and 2012 earnings estimates. She also says she’s examined years when the economy has grown at less than 2% or so, and years when growth has been below 3% or so. In both cases, she says, stocks have averaged returns of 13%-14%, with few negative years. One caveat: She says inflation must stay in […]

Doll on the Debt Ceiling’s Impact on His Portfolio

Blackrock Chief Equity Analyst Bob Doll says he hasn’t sold any stocks because of the debt ceiling imbroglio, and he expects a deal will get done. “We’re going to have a massive circus,” Doll tells CNBC. “It’s not going to be fun. In the 12th, maybe 13th hour we get something done and we move on. Hopefully, it’s something substantial. If not, we’ll have to do something substantial down the line.” Doll also says the U.S. is headed in an “austerity direction”, though to what degree is unclear. Doll says the markets haven’t been shaken by the debt ceiling talks […]

How A Top-Performing Fund Manager Is Structuring His Portfolio

Top-performing mutual fund manager Dennis Stattman is high on energy stocks and unloved large-cap high-quality stocks, and says fast-growing markets like China, India, and Brazil also have his attention. Stattman, whose fund has had only three down years since its 1989 inception, tells WealthTrack’s Consuelo Mack that relative to other securities, stocks are a good option right now. But, he says, that may be more to do with the unattractiveness of other assets than the attractiveness of stocks. He also says stock valuations may be skewed because of high profit margins that aren’t likely to continue. Stattman also reiterates his belief that […]