Keeping the Right Focus
It's been a good ride recently for total-return investors. First, the S&P 500 rose 25.2% through early December; global stocks, as tracked by Morgan Stanley, improved 21.6% during the same period.
What We Can and Can’t Predict About Stock Returns
Nobel laureates Fama’s and Shiller’s asset-pricing models are nearly opposite, yet they both got one big thing wrong, Research Affiliates CIO Hsu says.
Roubini Frets Over ‘Slow-Motion Replay’ of Last Housing Bubble
The economist sees “signs of frothiness, if not outright bubbles” in many developed and emerging market countries’ housing markets.
Shiller vs. Fama: Which Nobel Winner Comes Out on Top?
Research Affiliates teases out the Nobel laureates' distinctive value approaches and finds a yawning gap between them.
Gundlach on Shiller CAPE Fund: ‘A Better Mousetrap’
DoubleLine's Jeffrey Gundlach and Yale economist Robert Shiller describe why their new fund might appeal to value investors.
From Doom to Boom (and Back): Grantham Sees Stocks Soaring up to 30%, for Now
Stock market scold Jeremy Grantham expects the U.S. market to soar 20% to 30% in the next year or two—before the next mega-crash, at least.
How to Channel Bill Gross and Maximize Clients’ Charity
As PIMCO's bond king upstages Gates and Buffett, here's how you can help clients respond to inequality.
Debt Ceiling Deal ‘Still Far Off,’ Says White House
With only two days left before the deadline, White House Press Secretary Jay Carney said Tuesday afternoon that no deal was near.
Robert Shiller: Budget, Debt Fights a ‘Wash’ for Markets
The Nobel Prize-winning Yale economist said equities haven’t really reacted to the crisis one way or another.
PIMCO’s El-Erian Sees Tiny Taper at Fed Meeting, Yellen as Frontrunner
Mohamed El-Erian says he expects a drop of about $10 billion to $15 billion in monthly asset purchases when the FOMC meets Tuesday and Wednesday.