by Barron Maestro on January 27, 2012
Mike Santoli recently interviewed Felix Zulauf, president of Zulauf Asset Management, in conjunction with the Barron’s Roundtable. According to Pundit Tracker, Zulauf was the most accurate Roundtable member over the past 10 years.
Zulauf commented that the European Union had an agreement in early December which has to be ratified starting in late April of this year. The agreement states that fiscal policy has to be tightened, and that deficits can’t be higher than a certain percentage, ecetera. He added the agreement has to go into the constitution of each country, leading to the issue going to each country’s parliament with the people voting on it.
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by Barron Maestro on January 24, 2012
I didn’t know this guy was still alive, but Bloomberg found him willing to give yet another stock market prognostication. He’s none other than 89 year-old Joe Granville, infamous practitioner of technical analysis and publisher of the Granville Market Letter.
Granville was notorious for predicting, and even moving markets 30 years ago. Recently he was rated the top market timer of 2011.
Granville told Bloomberg’s Adam Johnson that momentum, price and volume were a triple whammy telling a bearish story.
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by Barron Maestro on January 19, 2012
Elaine Garzarelli was featured on the Nightly Business Report last Friday with her stock market outlook for 2012.
Garzarelli said her fundamental indicators, which include monetary indicators, economic cycle sentiment, and valuation, range from zero to 100 percent and were currently at 80 percent. Garzarelli added that anything below 30 percent would suggest a major bear market, while below 43 percent the indicators would forecast a 10-15 percent correction.
Garzarelli stated that the reading of 80 percent was very, very bullish.
The interviewer, Tom Hudson, questioned Garzarelli about the headline risk including governments getting their credit ratings cut overseas.
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by Barron Maestro on January 18, 2012
The first round of Barron’s 2012 Roundtable was presented this week. Opinions on the economy and stock markets around the world were expressed from 10 panelists (Scott Black, Abby Joseph Cohen, Marc Faber, Mario Gabelli, Bill Gross, Fred Hickey, Brian Rogers, Meryl Witmer, Oscar Schafer, and Felix Zulauf).
Fred Hickey believes the secular bear market in technology, which has lasted 12 years, is coming to an end. He noted the low PE’s of Hewlett Packard (8x), Intel (10x) and Microsoft (10x).
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by Barron Maestro on January 16, 2012
Barron’s Michael Santoli interviewed Marc Faber, Editor and Publisher of The Gloom, Boom & Doom Report, at the 2012 Barron’s Roundtable conference.
Faber said the Chinese slowdown would have a much larger impact on the emerging world than Europe or the U. S. which have “different problems.”
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by Barron Maestro on January 13, 2012
Long-time market observer and chief investment officer of Gamco Investors, Mario Gabelli, was recently interviewed on Bloomberg Television’s “In the Loop” and shared his views on the economy and stocks with Betty Liu and Dominic Chu.
Gabelli said investors should try to find companies that have good balance sheets and growing dividends that can capitalize on the global marketplace. Gabelli said we have a lot of those kinds of companies.
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