Guru Opinions: Birinyi, Leuthold, Grantham, Doll, and Shiller

By on September 13, 2009

The Guru Investor has posted recent market commentary from several well-known market pundits.

To summarize:

  • Laszlo Birinyi points out the S&P 500 has gained an average of 0.31% per day since its March low, he notes, which is almost three times the previous fastest recovery back in 1982 (0.12% per day). He expects market strength to continue because few believe we’re in a new bull market.
  • Steve Leuthold thinks valuations are reasonable and expects the market to overshoot fair value to around 1200-1290 on the S&P 500 by year-end.
  • Jeremy Grantham calculates fair value for the S&P 500 at 880, but thinks the stimulus could get the S&P 500 to 1130 by the end of the year. After that he believes the market could fall to new lows for this bear cycle.
  • Bob Doll, “the trillion dollar man,” predicts a 10% correction before the end of the year which will create a good buying opportunity for high-quality stocks.
  • Robert Shiller, of “irrational exuberance” fame, considers the stock market overpriced since many problems have been temporarily covered up by excessive stimulus spending.



Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>