Perspectives - Latest Market Commentary, Forecasts, and Insights

Many portfolio managers, research chiefs, and advisors take the time to express their opinions about the markets, individual stocks, or other items on their minds. Some fund shops publish more frequently--on a monthly or even weekly basis. 

If you are interested in contributing to Perspectives, please email James Levin.

Recent Commentary
Barel Karsan | Saj Karsan | 11-20-2009
Investor Traps
Six traps investors should mind and avoid.

Sidoxia Capital Management | Wade W. Slome, CFA, CFP | 11-20-2009
Father of Growth Investing - Thomas Rowe Price
Thomas Rowe Price, Jr., known as the “Father of Growth Investing,” is of a rare breed of successful long-term growth managers.

The Pragmatic Capitalist | 11-20-2009
Positive Sentiment Could Be a Contrarian Indicator
After reaching 8 month lows just a few weeks ago sentiment is swinging wildly in the opposite direction.

University of Pennsylvania (Wharton) | 11-20-2009
A Bubble in China
Stimulus lending fuels a real estate bubble in China

US Global | Frank Holmes, CEO | 11-20-2009
Gold on Your Gift List?
While the Indian government buys its gold in the hundred of tons, a growing number of people around the world are buying by the ounce.

Amateur Asset Allocator | Kyle Bumpus | 11-19-2009
Eliminating Credit Card Debt
If you can’t reasonably expect to earn a higher return on your money elsewhere, you should use excess cash to pay down your debt.

Baseline Scenario | James Kwak | 11-19-2009
CRA Bashing, Nth Generation
It seems like today's problem is no longer redlining - plenty of lenders were willing to lend to the poor - it's predatory lending - for various reasons it was easier to steer the poor into unnecessarily high-cost loans.

Baseline Scenario | Simon Johnson | 11-19-2009
Written Testimony Submitted to the Congressional Oversight Panel

Baseline Scenario | Raj Datre | 11-19-2009
Auto Race to the Bottom
Exempting auto dealers from the Congress' proposed consumer protection agency (CFPA) would be a big step in exactly the wrong direction.

QFinance | 11-19-2009
Applying the Gordon Growth Model
Gordon’s growth model aims to value a stock or company in today’s terms, using discounted cash flows to take into account the present value of future dividends.

QFinance | Steven Haasz | 11-19-2009
The Origins and Current State of the Buyout Market for Pension Funds
The pressure of the recession will focus the minds of company boards yet more firmly on the challenges presented by the pensions debt on their books, and the ongoing, long-term drain on their resources that this debt represents.

QFinance | 11-19-2009
Sovereign Wealth Funds - Profiles of the Top Ten Players
Though Sovereign Wealth Funds have been around in various forms for decades, the leading players have risen to a new level of prominence over recent years.

QFinance | Marc Quintyn | 11-19-2009
Rules vs. Discretion in Supervisory Interventions in Financial Institutions
One of the most critical moments in financial-sector supervision is when supervisors need to decide if they should "intervene" in a "problem bank."

QFinance | Dean Karlan, Sendhil Mullainathan | 11-19-2009
Rigidity in Microfinancing: Can One Size Fit All?
Despite rapid growth in outreach, microfinance providers often have yet to reach a large proportion of the market of poor households.

QFinance | 11-19-2009
Identifying and Investing in Niche (Alternative) Investments: Art, Wine, and Coins
Those with an interest in collecting works of art, wine, or coins may find that their investments, apart from giving pleasure, may yield higher profits than the stock market.

QFinance | James E. Schrager | 11-19-2009
Mergers Beyond the Numbers: How CFOs Can Shine
Today, more than ever, the CEO needs someone to talk with who possesses powerful, detailed insights about the business and is able to help think through, and maybe push back a bit on, various strategy options.

Sidoxia Capital Management | Wade W. Slome, CFA, CFP | 11-19-2009
Secure Your GPS (Global Portfolio Specialist)
Unfortunately, there is no GPS device to guide our investments, but many individuals would do themselves a favor by finding the right experienced professional to act as a GPS device (Global Portfolio Specialist).

Amateur Asset Allocator | Kyle Bumpus | 11-18-2009
The Mortgage Interest Tax Deduction Should be Repealed
Why this tax deduction isn't actually saving you money.

Anderson Griggs | Kendall J. Anderson, CFA | 11-18-2009
Be Wary of Overconfidence
Too much confidence can cause us to take excessive risks and ultimately lead to poor long-term returns from our portfolios.

Barel Karsan | Saj Karsan | 11-18-2009
You Might Think You're Copying Buffett...

Baseline Scenario | James Kwak | 11-18-2009
Slow Cat, Fast Mouse
The bigger and more complex a bank, the harder it will be for regulators to adequately monitor what is going on, and this is one reason that banks make themselves big and complex.

Baseline Scenario | Arvind Subramanian | 11-18-2009
Time for Coordinated Capital Account Controls?
In these unusual times no policy option should be off limits, at least for discussion.

Contrarian Edge | Vitaliy Katsenelson, CFA | 11-18-2009
Our Steroidally Challenged Economy
Like a shot in the arm, the artificial economic stimulus is exaggerating true performance and, worse, masking the damage.

Invesco Aim Investments | Samantha Ho | 11-18-2009
Bump in the Road to Recovery?
China’s growth rolls on despite economic traffic jam.

Sidoxia Capital Management | Wade W. Slome, CFA, CFP | 11-18-2009
Darkest Before Dawn – Gaming Industry Waiting for Sunrise
Times are dark in the video game industry, but dawn will be here soon enough and Electronic Arts is positioned to benefit when the time comes.

The Pragmatic Capitalist | 11-18-2009
Housing's Seasonal Weakness Taking Hold

The Pragmatic Capitalist | 11-18-2009
What are the Best Hedge Funds Buying?
Note the similarities between their largest holdings.

Baseline Scenario | Simon Johnson | 11-17-2009
Banking in a State
Banks have an incentive to take excessive risk and every time they and their creditors are bailed out, we create the conditions for the next crisis.

Patterson Advisors | David C. Patterson, Erin Preston | 11-17-2009
The Biggest Money Mistake You Can Make
Make a serious effort to ensure sure your money is managed effectively.

Sidoxia Capital Management | Wade W. Slome, CFA, CFP | 11-17-2009
Standing on the Shoulders of a Growth Giant: Phil Fisher

Smead Capital Management | William Smead , CIO | 11-17-2009
Dreamer-Nothing But a Dreamer
CIO William Smead discussed the reasons why he's happy to own quality U.S. large cap stocks in today's market.

The Pragmatic Capitalist | TPC | 11-17-2009
Freshest Data Shows the Recovery is Nowhere Near V-Shaped
Without government stimulus, it’s difficult to imagine that the economy would in fact be recovering at all.

The Pragmatic Capitalist | 11-17-2009
The Expectation Ratio Remains Constructive Despite Recent Decline
It’s now quite clear that the rally is living on the liquidity based fuel from the Fed and the declining dollar.

Tom Brakke | 11-17-2009
Situational Awareness
Two staples of the investment game, relative performance and relative valuation, play a large part in the periodic bouts of disorientation that imperil the industry and the profession.

US Global | Frank Holmes, CEO | 11-17-2009
Gold ETFs - Big Surprise at Tax Time
Many investors in precious-metals ETFs have to deal with an unwelcome surprise come April 15.

Advisors Capital Management | Dr. Charles Lieberman, CIO | 11-16-2009
Debunking Policy and Economic Myths
Dr. Charles Lieberman rebuts today's bearish Devil's Advocate.

Amateur Asset Allocator | Kyle Bumpus | 11-16-2009
2010 Roth IRA Conversion Loophole
If you have a Traditional IRA, non-deductible IRA, or any other kind of IRA you will be free to convert to a Roth in just a few months.

Barel Karsan | Saj Karsan | 11-16-2009
The Right P/E for the S&P 500
Are we now in an overvalued market?

Baseline Scenario | James Kwak | 11-16-2009
Economics Puzzler of the Day: Tax Loss Carry-Backs
What’s the plausible economic justification for this tax break?

Baseline Scenario | James Kwak | 11-16-2009
One Cost of Too Big to Fail
An analysis from the Center for Economic Policy estimates the value of being "too big to fail."

Baseline Scenario | Joseph E. Gagnon | 11-16-2009
Who’s Afraid of a Falling Dollar?
Even if the dollar depreciates sharply in the near term, adverse effects are unlikely - primarily because inflation will stay low.

Claymore Securities | Mike Schwager, Chief Market Strategist | 11-16-2009
Macro Drivers in Place for Additional Upside
The major market indices finished higher for a second consecutive week reflecting the pending turn in corporate profitability and building confidence in the durability of the economic recovery.

Dana Investment Advisors | 11-16-2009
Goldfinger
A culmination of factors is driving the price of gold higher.

Hussman Funds | John P. Hussman, Ph.D. | 11-16-2009
"Should Come as No Shock to Anyone"
John Hussman says that deeper loan losses are ahead, and if we deal with the next round the same way that we dealt with the last, we will ultimately succeed in debasing the U.S. dollar.

Lord Abbett | Milton Ezrati, Senior Economist and Market Strategist | 11-16-2009
Dollar Dilemma
Circumstances surrounding the greenback are precarious enough to consider currency diversification in any investment strategy.

Matthews Asia Funds | Andrew Foster, Portfolio Manager | 11-16-2009
A Roadmap for Asia
Manager Andrew Foster provides a guide to some of the key trends that are shaping Asian markets for long-term investing in the region.

Patterson Advisors | David C. Patterson, Erin Preston | 11-16-2009
Be Hesitant With Titling Joint Tenants
Be aware of the disadvantages of joint tenancy (with right of survivorship) in your estate planning.

US Global | Frank Holmes, CEO | 11-16-2009
Five Reasons China is Not a Bubble
U.S. Global Investors' Romeo Dator believes China's prospects remain strong for at least the next 20 years.

John Mauldin | John Mauldin | 11-15-2009
If This is Recovery...
Government spending does not increase GDP over time. It is a temporary nonproductive stimulus. It takes private investment to create jobs and increase productivity.

Anderson Griggs | Kendall J. Anderson, CFA | 11-13-2009
The Inquisition
Over the next few years, whether a full economic recovery takes place or we fall into a second recession, the forces at work will favor the large and powerful companies.

Barel Karsan | Saj Karsan | 11-13-2009
The ETF Advantage
ETFs may be a cheaper alternative to your index mutual funds.

Baseline Scenario | James Kwak | 11-13-2009
Note to Jamie Dimon: Repeating Something Doesn’t Make It True
Jamie Dimon asserts that we shouldn’t “try to impose artificial limits on the size of U.S. financial institutions.”

Baseline Scenario | James Kwak | 11-13-2009
The Real Choice on Too Big to Fail
There are really only two choices.

Baseline Scenario | Andrew Biggs | 11-13-2009
How Well Prepared Are Americans for Retirement?
When we think about a “crisis” in retirement saving, hasty solutions might make things worse rather than better.

Cambiar investors | Brian M. Barish, President | 11-13-2009
The Economy's Great Recession Hangover
The road forward for energy and other sectors will be bumpy in 2010, as the hangover from the Great Recession will prove most unpleasant to work off, however much of this is well reflected in current market levels.

Sidoxia Capital Management | Wade W. Slome, CFA, CFP | 11-13-2009
Back to the Future: Mag Covers (Part III)
Wade Slome looks back at the headlines of the "Great Recession" of 2008 and 2009.

Turner Investment Partners | 11-13-2009
Light-Emitting Diodes: The Great Light Hope
Turner sees LEDs evolving into one of the most rapidly growing global businesses in the technology sector.

US Global | Frank Holmes, CEO | 11-13-2009
A Warning Shot for Washington
Worries about the unintended consequences of Washington’s policies have been growing.

Baseline Scenario | James Kwak | 11-12-2009
Low Savings, Bad Investments
Recent volatility in the stock market has led some to question the wisdom of relying on 401(k) and other defined-contribution plans for our nation's retirement security.

Sidoxia Capital Management | Wade W. Slome, CFA, CFP | 11-12-2009
Back to the Future: Mag Covers (Part II)
Magazines act as sentiment sensors to gauge the fear and froth pulses of the general investing public.

Amateur Asset Allocator | 11-11-2009
Do Emerging-Market Funds Belong in Your Portfolio?
The U.S.-centric investing strategy of the past few decades is no longer tenable.

Amateur Asset Allocator | 11-11-2009
Here’s How to Fix the Flexible Savings Account
A look at the benefits and flaws of this employee benefit.

Amateur Asset Allocator | 11-11-2009
What’s the Average Credit Card Debt in America?
The stereotypical image of the American consumer portrayed by the media is that of a family with a jumbo mortgage and drowning in consumer debt. But is that the reality?

Amateur Asset Allocator | 11-11-2009
Forex Futures: The Quickest Way To Bankruptcy Court
The small independent trader hasn’t a prayer against the big guys.

Amateur Asset Allocator | 11-11-2009
The Types of Mutual Funds

Amateur Asset Allocator | 11-11-2009
Should I Refinance My Mortgage?
The answer to this question depends on an array of factors.

Amateur Asset Allocator | 11-11-2009
40 Year Mortgage is Usually a Bad Idea

Amateur Asset Allocator | 11-11-2009
Beware “No Cost Refinance” Loans
If something sounds too good to be true, it probably is.

Barel Karsan | Saj Karsan | 11-11-2009
Housing Completions
While the current low levels of construction are taking a big bite out of GDP, this is necessary in order for existing inventories to be absorbed.

Baseline Scenario | Simon Johnson | 11-11-2009
Global Bubbles: The Geithner-Brown Split
There are two broad views on our newly resurgent global bubbles - the run-ups in stock market values and real estate prices are either benign or the beginnings of a major new malignancy.

Baseline Scenario | James Kwak | 11-11-2009
Productivity and Layoffs
In the long term, productivity growth relies on things like improvements in technology and business processes; in the short term it's often just noise.

Patterson Advisors | David C. Patterson, Erin Preston | 11-11-2009
Four Common Estate Planning Mistakes
With some awareness and a little effort you can avoid these basic mistakes.

Sidoxia Capital Management | Wade W. Slome, CFA, CFP | 11-11-2009
Back to the Future: Mag Covers (Part I)
Wade Slome shines a light on the uncanny ability of media outlets to mark turning points in the financial markets - both market bottoms and tops.

University of Pennsylvania (Wharton) | 11-11-2009
Why Insider Trading is Hard to Define, Prove and Prevent
Regulations on insider trading have gradually tightened over the years in the U.S. and many other countries, but some economists argue for a complete course reversal, making insider trading legal.

University of Pennsylvania (Wharton) | 11-11-2009
Efficient Markets or Herd Mentality? The Future of Economic Forecasting
Ever wonder why you bought securities that you know were overvalued when the herd instinct was just too strong to resist?

Barel Karsan | Saj Karsan | 11-10-2009
Earnings Revert to the Mean
Average earnings are a much more useful gauge of a company's earnings power than current or oft-cited expected future earnings.

Bill George | Bill George | 11-10-2009
The 10,226.94-Point Dow Doesn't Matter Either
Make no mistake – it’s not 1983. Don’t uncork the champagne just yet.

Sidoxia Capital Management | Wade W. Slome, CFA, CFP | 11-10-2009
One Size Does Not Fit All
It's important to construct the most efficient customized portfolio of assets that meets your objectives and constraints.

Smead Capital Management | William Smead, Chief Investment Officer | 11-10-2009
Insider Buying

Advisors Capital Management | Dr. Charles Lieberman, CIO | 11-09-2009
Buffett's Message
Buffet is making an all-in wager on the economic future of the U.S.

Barel Karsan | Saj Karsan | 11-09-2009
Imation
As the company eventually aligns its costs with a lower revenue environment, it should be able to generate returns commensurate with its historical average.

Caldwell & Orkin | 11-09-2009
Threading Needles in the Dark
Given the current economic environment, the Fed will be conducting much of their policy by trial and error.

Calvert Group | Richard England, Portfolio Manager | 11-09-2009
Quality Stocks Poised for Growth as Recovery Takes Shape
Calvert Portfolio Manager and Atlanta Capital Managing Director Richard England discusses his views on the economy and shares his market outlook.

Calvert Group | Cathy Roy, Fixed Income CIO | 11-09-2009
Bond-Market Trends of 2009 Continued in October
Corporate bond investors tempered their optimism somewhat during the month.

Claymore Securities | Mike Schwager, Chief Market Strategist | 11-09-2009
Bull Rally Resumes
Encouraging economic data and the 5%-plus pullback over the preceding two weeks apparently was the right recipe for drawing “fresh” money back into the market.

du Pasquier Asset Management | Scotty C. George, Senior Managing Director | 11-09-2009
The Morality of Wall Street
How long can the markets survive squeezing out those who play fairly while rewarding the unscrupulous?

Hussman Funds | William Hester, CFA | 11-09-2009
Forward Looking Measures Still Don't Provide Evidence for a V-Shaped Recovery
A robust recovery in profits will likely rely on a robust economic recovery. Currently, leading indicators of the real economy aren't consistent with that outcome.

Hussman Funds | John P. Hussman, Ph.D. | 11-09-2009
The Second Wave of Mortgage Resets Begins
The pleasant lull in the reset schedule is decidedly behind us.

Lord Abbett | Milton Ezrati, Senior Economist and Market Strategist | 11-09-2009
Emerging Economies—Leading by Example
Not only have they resumed their place as leading engines of global growth but also, these nations have followed much more prudent monetary and fiscal policies than the U.S., Japan, and most other developed nations.

Patterson Advisors | David C. Patterson, Erin Preston | 11-09-2009
Early Retirees May be Between a Rock and a Hard Place
The issue early retirees face, in many cases, is not that they don’t have enough money for retirement (though that is also often an issue); it’s having liquidity.

Sidoxia Capital Management | Wade W. Slome, CFA, CFP | 11-09-2009
Ross Warns of Commercial Shoe Drop
Wibur Ross, the restructuring specialist and founder of WL Ross & Co, sees a correlation of what happened in the residential mortgage markets to what we are now beginning to see in commercial real estate.

University of Pennsylvania (Wharton) | 11-09-2009
Why Improving Global Health Care is Everyone's Responsibility
In a world where advances in technology and ease of travel are continually eroding national boundaries, global health problems can rise up swiftly, threatening the lives and prosperity of vast populations.

University of Pennsylvania (Wharton) | 11-09-2009
The Post-Recessionary Global Economy: In Search of the New Normal
As the global economy climbs slowly toward recovery, two pressing questions remain: How do we prevent things from getting out of control again, and what is the so-called new normal?

US Global | Frank Holmes, CEO | 11-09-2009
India-IMF Deal: Tipping Point for Gold
Has a new floor been set at $1,000 per ounce?

John Mauldin | John Mauldin | 11-08-2009
A Hole Dug Too Deep
There is not a "V" ending to this recession. We are going to have deal with the pain of reduced returns, a lower dollar, low returns on bonds, European-like unemployment, lower corporate profits over the long term, and a very slow-growth environment.

Antonio Fatas and Ilian Mihov on the Global Economy | Antonio Fatás | 11-06-2009
9.5% Productivity Growth. How Unusual?
Fast productivity growth is normally a sign of economic strength, but in this case because it is the result of a combination of GDP growth and destruction in employment.

Aston Asset Management | Baring Asset Management | 11-06-2009
The Weak Economic Recovery Overseas
Massive government stimulus is a double-edged sword.

Calvert Group | Natalie Trunow, Chief Investment Officer, Equities | 11-06-2009
October: Welcome Signs of Economic Recovery Kept in Check by Weak Consumer
Calvert CIO Trunow believes the recent market pullback is a healthy development that reflects economic realities and will provide investors with healthier valuation levels and entry points into equity markets.

Contrarian Edge | Vitaliy Katsenelson, CFA | 11-06-2009
IMS Health is Being Stolen
IMS Health’s management and board have a history of making dumb capital allocation decisions, but this one may go down in history as their dumbest.

Harry Domash | Harry Domash | 11-06-2009
Using the Morningstar Premium Stock Screener to Unearth Value Stocks
With the market arguably overextended, this may be a good time to consider value stocks.

Shenkman Capital Management | 11-06-2009
Bank Loan Market in Recovery Mode as Panic Subsides
The financial markets have come a long way from the massive collateral damage and the major loan write-downs that occurred last year after Lehman Brothers’ filing bankruptcy.

Sidoxia Capital Management | Wade W. Slome, CFA, CFP | 11-06-2009
Too Big to Sink
Many of the financial institution reform proposals have an irrelevant, misguided focus on improving the safety of the Titanic's lifeboats rather than the structural design or competence of the captain.

University of Pennsylvania (Wharton) | 11-06-2009
Time to Temp?
In a discouraging unemployment report, a rise in temporary positions.

US Global | Frank Holmes, CEO | 11-06-2009
Silver Bullet - Still on the Rails?
Frank Holmes says when asked his view on the best way to play the current runup in gold, his answer to typically includes a suggestion to look at silver.

US Global | Frank Holmes, CEO | 11-06-2009
Planning for a Prosperous Future
Petrobras, Brazil's national oil company, announced a $10 billion loan from China in exchange for up to 200,000 barrels of oil per day for the next 10 years.

Barel Karsan | Saj Karsan | 11-05-2009
Buffett vs. Value Investing
While Buffett likely benefits from having more information, more knowledge and a higher understanding of business than most investors, his major disadvantage is that his investing universe is far more limited.

US Global | Frank Holmes, CEO | 11-05-2009
India-IMF Deal: Great for Gold?
India is making a bullish call on gold.

Antonio Fatas and Ilian Mihov on the Global Economy | Antonio Fatás | 11-04-2009
Reality Check on Fiscal Policy
There is a need to think about institutional reforms that change the way we think about fiscal policy and budgets.

Patterson Advisors | David C. Patterson, Erin Preston | 11-04-2009
Gen Xers Better Start Saving!
Gen Xers will find it more difficult to retire, at any age, than the baby boomers who preceded them.

Sidoxia Capital Management | Wade W. Slome, CFA, CFP | 11-04-2009
Drought in Higher Rates May Be Over
With signs of a potential global recovery matched with regulatory overhauls, consumers may be impacted in several financial areas.

The Pragmatic Capitalist | 11-04-2009
6 Reasons the S&P 500 is Going to 1100
Credit Suisse sees the S&P 500 hitting 1,100 by year-end and 1,150 in 2010 as a result of 6 continuing positive trends.

US Global | Frank Holmes, CEO | 11-04-2009
History Lesson: November Good for Dow
November is the second-best month for the Dow over the past 20 years.

Barel Karsan | Saj Karsan | 11-03-2009
Increases in Consumer Spending Do Not Make Us Better Off
Increasing consumer spending causes short-term pick-ups in demand but makes us no better off in the long-run.

Sidoxia Capital Management | Wade W. Slome, CFA, CFP | 11-03-2009
Style Drift: Hail Mary Investing
The compensation incentive structures within the mutual fund industry can promote style drift and conflicts of interest.

University of Pennsylvania (Wharton) | 11-03-2009
Buffett's Big Bet
Railroads may rebound, but they still face fundamental challenges.

Advisors Capital Management | John Petrides; Growth Portfolio Manager | 11-02-2009
“I’ll Get Back in When the Market Corrects”
ACM Portfolio Manager John Petrides believes the correction that investors have been waiting for in the equity market is happening now.

Anderson Griggs | Kendall J. Anderson, CFA | 11-02-2009
Be Wary of "Inside Information"
In the context of investing, a shortcut approach will, more often than not, lead to the wrong decisions.

Arbitrage Fund | 11-02-2009
An Improving Merger Environment?
Today's deals continue to be smaller, better focused, and strategic in nature.

Bill George | Bill George | 11-02-2009
Focus on the Short-Term Hurts Companies
This crisis wasn't caused by subprime mortgages; it was caused by subprime leadership.

Claymore Securities | Mike Schwager, Chief Market Strategist | 11-02-2009
Rally Exhaustion or Pause to Refresh?
The major market indices finished lower for a second straight week on fears the strength of the economic recovery may be over discounted in stock prices.

Dreyfus | Richard Hoey, Chief Economist | 11-02-2009
Global Emergency Rescue a Major Success
Evidence continues to support that sustained economic recoveries have begun, both in the U.S. and worldwide.

du Pasquier Asset Management | Scotty C. George, Senior Managing Director | 11-02-2009
An Economy Overburdened by Demand?
The ripple effect of yesterday's decisions do play a part in whether we have the labor force sufficient to meet any actualized pent-up demand.

Hussman Funds | John P. Hussman, Ph.D. | 11-02-2009
Risk Management and Convex Return Profiles
While Wall Street subscribes to the view that we are headed for of a typical post-war recession recovery, another far more dire outcome is being overlooked.

Kellogg School of Management | Taryn Luntz; Research by Alexander Chernev | 11-02-2009
Should I Stay or Should I Go?
How loss-aversion influences choices.

Kellogg School of Management | Peter Gwynne; Research by Daniel Cohen, Aiyesha Dey, and Thomas Lys | 11-02-2009
Beneficial or Detrimental Legislation?
The pros and cons of Sarbanes-Oxley

Kellogg School of Management | Aaron Mays; Research by Keziah Cook, David Dranove, and Andrew Sfekas | 11-02-2009
The Effects of Health on Wealth
Major illness leads to financial catastrophe for the uninsured.

Lord Abbett | Milton Ezrati, Senior Economist and Market Strategist | 11-02-2009
Commercial Real Estate: The Other Shoe?
Rising defaults and a lack of easy liquidity have led many observers to wonder if problems in the U.S. might create something akin to the recent subprime debacle, a “second shoe.”

Royce Funds | Frank Gannon | 11-02-2009
One Stock at a Time
Royce's Gannon believes we have returned to a more normalized environment where opportunities are found on a stock by stock basis rather than at the sector or industry level.

Royce Funds | Chip Skinner | 11-02-2009
Getting in Position
Chip Skinner discusses the positioning of his portfolio through the recession, and what he's looking for as the economy strengthens.

Sidoxia Capital Management | Wade W. Slome, CFA, CFP | 11-02-2009
Taking a Large Grain of Salt with Past Performance Stories
Sidoxia's Wade Slome warns investors to be skeptical of the output and inferences drawn from any back-test or model.

Smead Capital Management | William Smead , CIO | 11-02-2009
The Stages of a Bull Market
The willingness of long-term investors to listen to bearish "broken records" and the unwillingness of equity mutual fund investors to add to their holdings is psychological proof that it is not different this time.

Turner Investment Partners | 11-02-2009
Stocks Take a Breather in October
Despite a pull back in the prior month, Turner Investments sees signs that the economy could get stronger and stronger.

US Global | Brian Hicks, Evan Smith | 11-02-2009
Are Higher Prices the 'New Normal' for Oil?
Robust 2010 oil demand growth will deplete inventories over the next 12-to-18 months and diminishing production rates in key areas around the world will create a supply/demand imbalance.

US Global | Frank Holmes, CEO | 11-02-2009
Five Thousand Pounds of Steel are Falling
America's infrastructure is snapping under the pressure of poor funding.

Wasatch | 11-02-2009
The Case for Micro Caps in Your Portfolio
It may make sense for you to include micro cap funds as a separate asset class in your overall allocation.

John Mauldin | John Mauldin | 11-01-2009
Should We Be Worried About Hyperinflation?
Will our large and growing government fiscal deficit and massive future liabilities for Medicare and Social Security lead us down the path of hyperinflation?

Perspectives Archive:

• October 2009, Page 1, Page 2
• September 2009
• August 2009
• July 2009
• June 2009
• May 2009