Archive for March, 2010
Bear Market May Continue For 5-6 Years: Spiropoulos
Stocks wavered on Wednesday after an unexpected drop in the ADP jobs report. How should investors position their portfolios? Bill Spiropoulos, CEO of CoreStates Capital Advisors, and Dennis Wassung, portfolio manager at Cabot Money Management, shared their insights.
“We continue to climb the wall of worry,” Spiropoulos told CNBC.
“No one believes this thing. And all the [...]
ADP: Private Sector Sheds 23,000 Jobs
Private payrolls fell by 23,000 in March, according to ADP. The survey tallies only private-sector jobs, while government data to be released Friday include government workers and is expected to show gains.
Stock & Bond Returns Will Be Below Normal for Years: Gross
Investors should acclimate themselves to years of lower-than-normal returns in both stocks and bonds, Pimco’s Bill Gross told CNBC.
CNBC.com
Bill Gross
As part of the firm’s forecast of a “new normal” in the slow-growth economy, Gross, co-CIO at the largest bond management firm in the world, said returns probably will be half of the normal 8 percent [...]
Cramer: The Biggest Market Myth There Is?
Any new investor who hopes to successfully buy and sell stocks should know that the market is not rational, Cramer said Tuesday. And desperate attempts to make sense out of the nonsensical can cost you.
Housing Prices May Be Heading for a Double Dip
“Case Schiller aside, we expect housing prices to fall another five percent in the coming months,” says Paul Dales, US economist at Toronto based Capital Economics. “We’ve actually seen some declines in areas of the country. That’s going to put a halt on any housing recovery.” “There’s going to be less demand for housing when [...]
Could This Be Start of ‘The Great Bear Market in Bonds’?
“This is the last leg of money coming off the sidelines, the final rotation into the bond market,” says Bob Froelich, senior managing director at The Hartford in Simsbury, Conn. “This is the beginning of the end. The bond market is a bubble. It’s getting ready to burst.”
“There’s a tremendous amount of latent inflation built [...]
Half of Commercial Mortgages to Be Underwater: Warren
“They are [mostly] concentrated in the mid-sized banks,” Warren told CNBC. “We now have 2,988 banks—mostly midsized, that have these dangerous concentrations in commercial real estate lending.”
“I’m one of those people who never liked public-private partnership to begin with. I think what they did was use public when public was useful and private when private [...]
Brace For 5-10% Market Correction: Portfolio Manager
“As bearish as I am, you can’t ignore the fact that there’s a tremendous amount of momentum left in this rally,” Hefty told CNBC.
“Today, we’re making our last buy into the market to be fully invested in anticipation of this next rally forward.”
“But if you don’t have a trigger finger ready to pull, you’re better [...]
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