Shiller on Housing and Regional Bubbles

Housing market guru Robert Shiller says it’s possible that the housing market has bottomed, but that he’s not confident it has. Shiller tells FOX Business Network that there is some good momentum forming in housing prices, but that part of the recent bounce has been seasonal. Shiller says that it’s possible that bubbles are forming […]

Is Glass-Steagall The Answer? Maybe Not, Says Zweig

While many have been clamoring for the reinstitution of the Glass-Steagall Act as a way to address some of the financial sector’s problems, Jason Zweig is skeptical. In his Intelligent Investor column for The Wall Street Journal, Zweig says that when it was in effect, Glass-Steagall wasn’t the powerhouse that many are portraying it to be. “For […]

Siegel Says Housing Will Boost Second-Half GDP

Wharton Professor and author Jeremy Siegel says a rebound in the housing market will help push GDP growth near 3% in the second half of 2012. “Housing is one of the few bright spots, but a very important bright spot in the economy,” Siegel told Bloomberg TV (hat tip to Business Insider). “When you talk […]

Fisher: Look to Large-Cap Growth

Top investor Kenneth Fisher says that the bull market has a ways to go — and that large-cap growth stocks will be the place to be during the rest of the bull run. In a column for Interactive Investor, Fisher notes that in the early stages of bull markets, small-cap value picks usually lead the […]

Buffett’s 50-Year-Old Words Still Ring True

While many investors think uncertainty has risen to unprecedented levels, changing the way they should invest, they need only look at some of Warren Buffett’s earliest letters to investors to see that they may be wrong, writes MarketWatch’s Jonathan Burton. “I think you can be quite sure that over the next ten years there are […]

Cohen: Think Long-Term

Goldman Sachs’ Abby Joseph Cohen says many investors have become too short-sighted, and says that “long-term, there are some very good values out there.” Cohen tells Bloomberg that a lot of the uncertainty out there is already priced into the market, and she thinks stocks are priced to return 8% to 10% per year for […]

Bolton on the Contrarian Case for China

While many investors are fleeing Chinese equities, Fidelity’s Anthony Bolton remains bullish. “People are generally cautious and are taking money out of China which, as a contrarian, I see as positive,” Bolton says, according to Investment Week. Bolton, who compiled an exceptional fund management track record in the U.K. before moving on to a China […]

Doll: No Recession, Stocks to Move Higher with Volatility

Blackrock’s Bob Doll says that, while the economy has been faltering for the past few months, he doesn’t think the U.S. is headed into a recession, and he remains cautiously bullish. In commentary on Blackrock’s site, Doll says slowing global growth, the U.S. fiscal cliff, and weak business confidence are all making for serious headwinds […]

Siegel Talks Euro, Fiscal Cliff

Wharton Professor and Stocks for the Long Run author Jeremy Siegel says he expects debt-laden European countries like Spain, Greece, and Portugal to stay in recession “for years to come”, but thinks stocks will still be much higher by the end of next year. Siegel tells CNBC that hopefully lower euro valuations will help those […]

Paulson Dials Back Risk, Talks of Euro Unraveling

Hedge fund guru John Paulson is dialing back risk in his portfolios, and says he sees a 50% chance that the euro currency will unravel, Bloomberg reports. In a conference call with clients, Paulson said that he expects sovereign yield spreads to widen in Europe, and that a eurozone breakup could happen in anywhere between […]

Gross: Treasury Investors Should Expect a Haircut

PIMCO bond guru Bill Gross says that Treasury bond investors are going to get a “haircut”, and that those looking to preserve their purchasing power must put their money into assets like stocks and real estate. “In the Treasury market all interest rates are on a negative basis,” Gross tells CNBC. “Risk averse investors looking […]

Wien’s Reasons for Optimism — and Concern

Blackstone Group’s Byron Wien is seeing reasons for optimism in the U.S., though he thinks the stock market boom days of the 1980s and 1990s aren’t coming back anytime soon. “I’m actually kind of positive on the U.S. because I think some good things are happening,” Wien tells The Wall Street Journal in a side-ranging […]

Despite Slow Growth, Cooperman Likes Stocks

Hedge fund guru Leon Cooperman says he’s “moderately constructive” about U.S. stocks, and is very bearish on U.S. government bonds. Speaking at the “Delivering Alpha” conference presented by CNBC and Institutional Investor, Cooperman said he expects sluggish growth from the economy, with growth being “okay, not great”. But he thinks a variety of factors make this […]

The 10 Most Common Investor Mistakes

Barry Ritholtz says investors most often fail not because of crises and market turmoil, but instead because they don’t understand the very basic concepts of investing. “In my decades as an investor and analyst on Wall Street, I have learned that panics come and go. They turn out not to be the main cause of […]

Double-Digit Returns from a 60-Year-Old Strategy

Every other issue of The Validea Hot List newsletter examines in detail one of John Reese’s computerized Guru Strategies. This latest issue looks at the Benjamin Graham-inspired strategy, which has averaged annual returns of 12.1% since its July 2003 inception vs. 3.5% for the S&P 500. Below is an excerpt from the newsletter, along with several top-scoring […]

Fisher Sees 2012 Ending with Strong Gains

In a preview of his firm’s third-quarter outlook, Kenneth Fisher and Fisher Investments’ Investment Policy Committee say they expect stock returns for the full 2012 year to be “strongly positive”, led by large-cap growth stocks. “Most investors remain hyper-focused on a few rehashed macroeconomic issues while largely ignoring overall positive fundamentals,” Fisher and his colleagues […]

Reese on Healthcare Bargains

In his latest article for, Validea CEO John Reese looks at some healthcare stocks that are getting high marks from his Guru Strategies. “As a historically noncyclical industry, the prospects for healthcare have rarely been healthier,” Reese writes. “Demand tends to hold up even when the economy is sickly, because people need health services […]

Paulsen Likes Industrials, Emerging Markets

Wells Capital’s James Paulsen says he’s finding a lot of good values in emerging market stocks and in US stocks that are more economically sensitive. Paulsen tells BloombergRadio’s “Bloomberg Surveillance” that he doesn’t think the economic expansion is over, and that fears of a hard landing for China and a recession for the US have […]

Sonders: Fiscal Cliff Uncertainty Holding Back Market

Charles Schwab Chief Investment Strategist Liz Ann Sonders says Congress’ inability to deal with the U.S.’s “fiscal cliff” is preventing rallies in the stock market — and leading to the recent slowdown in hiring. “The market’s poised for rallies, but you’d be crazy to play them aggressively at this point,” Sonders tells Investment News. “We’re […]

Top International Managers Staying Defensive

Two international mutual fund managers with stellar long-term track records, Tom Forester and Robert Wyckoff Jr., have been continuing to beat the market recently using defensive approaches.  Forester has outperformed other funds in his category recently by sticking with several consumer staples stocks, including spirit-maker Diageo, according to The New York Times. Wyckoff’s fund, meanwhile, […]

Gross Sees Anemic Growth for Next Decade

PIMCO bond guru Bill Gross thinks the U.S. economy will grow at a 1.5% pace over the next decade, far below its historical norm.  “Slower growth means lower returns on capital,” Gross tells Bloomberg News. “If real GDP grows at 1.5 percent, then a diversified portfolio of stocks and bonds would probably grow at 1.5 […]

Einhorn Says Fed Should Raise Rates

Hedge fund guru David Einhorn says the Federal Reserve’s near-zero interest rate policy is counterproductive, and says it should raise rates to help the economy. Einhorn tells CNBC that low rates “deprives savers of reasonable incomes”, and cuts down on consumption. He also says it drives food and oil prices upward and decreases standards of […]

Boring Stocks, Big Returns

In his bi-weekly Hot List newsletter, Validea CEO John Reese offers his take on the markets and investment strategy. In the latest issue, John looks at new research that shows “boring” stocks tend to produce the best long-term returns .  Excerpted from the July 6, 2012 issue of the Validea Hot List newsletter Boring Is Beautiful […]

ECRI Says U.S. In Recession

Lakshman Achuthan of the Economic Cycle Research Institute says the U.S. economy is in recession. Achuthan, who had been forecasting a recession by mid-2012 for the past several months, tells Bloomberg that industrial production, manufacturing and trade sales, and personal income growth data is all indicating that a recession has begun. Achuthan says that a […]