Bob Doll Says a Market Correction is Possible

Bob Doll says that current market optimism may be “overdone and markets could be vulnerable to disappointment” in an article he wrote for Barron’s earlier this month.  Still, Nuveen’s chief investment strategist is maintaining a pro-growth stance and a “constructive view toward equities.” In the article, Doll outlines what his firm sees as five possible risk areas for stocks: U.S. Politics: Investors, writes Doll, may lose what has been steadfast patience and optimism if “specifics about issues such as tax policy and health care reform are not forthcoming.” European Politics: While the European risk profile has calmed a bit due […]

Tiger Cub: Market Moment is at Hand

“We believe we are in the midst of the market correction we have been expecting,” says Robert Citrone, founder of the hedge fund Discovery Capital Management, according to an email obtained by Bloomberg. Known as a “Tiger cub” due to his time at the fund founded by Julian Robertson in 1980, Citrone’s firm (founded in 1999, which Bloomberg says specializes in “making wagers on macroeconomic events”) managed about $12.4 billion at the star of this year. His email to investors warned of a correction that “will likely persist over the next 3-4 months and be the largest correction since the […]