February 2013

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Thumbnail image for Byron Wien’s Advice on Sectors to Accumulate and Avoid
By February 27, 2013

Byron Wien, Blackstone Advisory vice chairman, overseeing $210 billion of assets under management, was on Fox News a couple of days ago contributing his perspective on various stock market sectors and gold. Wien said at the beginning of the year he was cautious based on his view profits were going ...

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Thumbnail image for Stocks Have Hit Intermediate Term Top: Marc Faber
By February 22, 2013

Speaking to CNBC’s Melissa Lee yesterday, Marc Faber, publisher of the Gloom Boom and Doom Report said the market had recently formed an intermediate term top. Regarding an imminent crash, Faber said the market wasn’t as overbought as in 1987 so he didn’t believe the market would fall precipitously. Faber ...

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Thumbnail image for Martin Zweig Death Reported
By February 19, 2013

The death of Martin Zweig, author of Winning on Wall Street and a frequent panelist on Wall Street Week, was reported yesterday. Zweig’s realistic assessment of the prospects for stocks was a refreshing change from the usually upbeat panelists and guests on Louis Rukeyser’s PBS show. Not that Zweig was ...

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Thumbnail image for Alan Greenspan: Stock Prices are a Major Factor in Economic Activity
By February 16, 2013

Alan Greenspan was on CNBC with Maria Bartiromo yesterday commenting on the odds of the sequestration, or automatic government spending cuts, occurring in a couple of weeks (March 1st deadline), and what effect it would have on the overall economy and stocks. Greenspan said he had difficulty imagining a scenario ...

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Thumbnail image for Notes from Jeremy Grantham’s Latest Letter
By February 15, 2013

Long-time market tactician and observer Jeremy Grantham, of the money management firm Grantham Mayo Van Otterloo (GMO), released his typically long quarterly letter last week. Like his last letter [link] Grantham expounds on the factors which will lead to the world growing at a much slower pace than experienced in ...

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Thumbnail image for Bill Miller: Bond Bubble as Big as Housing, Internet Bubbles
By February 14, 2013

Consuelo Mack of Wealthtrack had a very interesting, and quite lengthy conversation with Legg Mason’s infamous mutual fund manager, Bill Miller. His Legg Mason Opportunity Trust mutual fund has risen from the ashes of a horrible 2011 loss of 34% to become the top performer in 2012; up 41% last ...

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Charles Payne Suggests an Infrastructure Play
By February 13, 2013

Fox Business Network contributor Charles Payne provided an idea to capitalize on what he sees as an worldwide infrastructure spending wave. Payne sees this capital goods stock moving ahead of the fundamentals as its stock just broke out to a new 52 week high on very convincing volume, or, “a ...

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Thumbnail image for Mario Gabelli on Two Stocks That Will Double
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Mario Gabelli, Gamco Investors chairman, CEO & CIO, was on CNBC yesterday with Joe Kernen touting two stocks he believed would double in price. Kernen noted that everything would double given enough time. Gabelli replied looking back at 1973′s nifty fifty stocks selling at 50 times earnings, they didn’t double. ...

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Thumbnail image for Mike Santoli: Stock Spinoffs Had a Very Good 2012
By February 11, 2013

Barron magazine’s Mike Santoli has written about the superlative outperformance of spun-off stocks last year. The vagaries of this subsection of the stock market have been written about frequently over the years. Entire books have been devoted to what appears to be a major market inefficiency. 1997′s Spinoff to Payoff: ...

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Thumbnail image for Robert Shiller Debunks Housing as an Investment
By February 9, 2013

Robert Shiller, Yale University professor and author, and the co-creator of the S&P/Case-Shiller Home Price Index, was interviewed this week by Bloomberg’s Adam Johnson and Trish Reagan (video below). Admitting there currently appeared to be upward momentum in the housing market, Shiller cautioned that the last two months were down ...

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