Market Is 2nd Most Overvalued, after 1999’s, David Tepper Says
Comparison to dot-com bubble year helps send current stocks down for the day.
Market Moves
Rogers, Gabelli, Miller Tout Value Investing, With an Exception
Devotees of bargain buys have doubts about legacy retail’s viability.
Pension Demands Put Local Governments in a Jam, Moody’s Says
With virus-driven costs mounting, cities’ and towns’ financial outlook shifts to negative from neutral, agency rules.
Re-Opening the Economy Won’t Do Stocks Much Good, Says Yale Expert
Portent: Chinese consumers remain fearful about going out after lockdown lifted, ex-Morgan Stanley honcho Roach warns.
Sam Zell: Nice Distressed Real Estate Bargains Are Ahead
The Grave Dancer says virus shock will scar Americans’ psyches, but should benefit bargain hunters like him.
Why Not to Sell in May and Go Away
The summer season has been pretty good to stocks over the past eight years, LPL notes.
New Jersey Likely to Cut Pension Contributions, S&P Global Says
The credit ratings agency downgraded the state one notch, to A-, and gave it a negative outlook.
Wells Fargo Predicts 10-Year T-Note Will Rise Above 1%
Now at a 0.63% yield, the benchmark bond should move up due to better economic and virus news, says bank’s strategist.
Dogs of the Dow Get Bitten
Storied value play, usually a can’t-miss strategy, falls afoul of the recession and oil bust.
World’s Largest Pension Fund Ups Scrutiny of Index Investments
Japan’s $1.5 trillion retirement program wants to improve its passive management strategy.
Bill Miller: Why Now Is a Great Time to Buy Value Stocks
The famed investor, who just bought Boeing stock, says beaten-down gems are on sale.
How Will Earnings Ever Get Back to Positive?
Now-leery consumers have to be confident again about going out, a tall order, says Commonwealth’s McMillan.
Earnings Will Take Up to 4 Years to Recover, Leuthold Says
That’s the max for EPS retreats in the past, and this recession will be a lulu, the firm’s Ramsey believes.
Singer: Look for Another Market Slide, to 50% Below Peak
Deep recession will deliver stocks a second tumble, hedge fund heavyweight says.
Dalio Says Holding Government Bonds Now Is ‘Crazy’
Tiny or negative yields make fixed income a bad idea, hedge fund honcho declares.