Share
So, it’s that time of year again when people make their year-end predictions. I’ll be running my own and critiquing my performance from last year.  Here are former bear now bull Richard Bernstein’s ten predictions for 2010.  There is a clip at the bottom from CNBC as well.
Before you pillory Bernstein for going from David [...]

Share
Tilson is saying what I have been saying, namely that March saw an increased number of attractive buys, but most of these are now fully priced. As a result, he is selling equities – even building up his net short positions.
Unlike bear turned bull Richard Bernstein, Tilson says that after a huge 60%+ run [...]

Share
Christopher Wood, the well-noted market strategist at CLSA and writer of the classic Japan crash warning book “The Bubble Economy,” is now warning of a market correction in the West.  According to CNBC India, Wood believes that the markets’ extreme upward move is increasing the chances of a major correction.
Wood is still cautious. He says [...]

Share
Richard Bernstein has done a huge reversal in the last few months from touting low-risk stocks to high-beta ones. He has gone from a preference for consumer staples to one for consumer cyclicals (XLY). And he has gone from lugubrious doubter of a sustainable recovery to an almost V-shaped optimism. 
What is remarkable about the [...]

Share
Bill Gross is a bond man.  In fact, he is often called the “Bond King” because Pimco, the organization where he is founder and Co-Chief Investment Officer, is the largest bond fund in the world. In Bondland, what Gross says has a lot of weight.
And Gross has been talking about a “new normal” of deleveraging, [...]

Share
With the Lehman meltdown hitting its one-year anniversary soon, a lot of media outlets are looking back at the events that surrounded Lehman’s collapse. Bloomberg has a good article out that is a must-read piece.
For me, the money quote of the article comes via Rich Bernstein.
One year later, policymakers haven’t learned the lesson of the [...]

Share
Jeremy Grantham is out again with a very important investment strategy piece entitled “Boring Fair Price!”  He leads off by talking about how markets went from extremely overvalued a year ago to cheap back to a state which he considers fair value.  But, he sees the recent rally as a speculative rally which is a [...]

Share
No Longer Alone, Ron Paul Fights the Fed – Real Time Economics – WSJ
Paul’s bill to audit Fed has 274 co-sponsors.

Some bailout firms up lobbying spending in 2Q – Yahoo! Finance
Increased lobbying plus climb in shares equals no reform.

Notes on a real estate trip in China – Michael Pettis
Bubble in Chinese real estate – and [...]

Share
Richard Bernstein asks a very good question in a wide-ranging interview with Bloomberg.  Now that the so-called green shoots are dominating the news coverage and the S&P 500 is up a massive 34% from its March lows, one might think we are due for a pretty Robust V-shaped recovery.  Is that what the future holds?
Bernstein [...]

Share
Jeremy Grantham is out with his quarterly update. And he has a number of investment themes worth mentioning.  First, I should mention that his global outlook is fairly downbeat:
We are experiencing the most severe synchronized global downturn in several generations. While governments have been quick to react, there are limits to what policy can do [...]