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Politics : Sam's miscellany

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From: Sam5/28/2017 10:10:06 AM
   of 175
 
Bull v. Bear

"Stocks [overall, given the interest rate environment] are fairly valued.... If it was only the central bank, the 10 year would not be at two and a quarter percent."--
Jeremy Seigel
  • Soaring tech stocks are not in a 1990s-type dotcom bubble, says longtime bull Jeremy Siegel
  • Momentum players are not driving the action, as they did in the past, the Wharton professor says.The stock market is "very fairly valued" at current levels, Siegel says.
  • The Dow, S&P 500 and Nasdaq were riding six-session winning streaks heading into Friday and the long Memorial Day weekend.

Matthew J. Belvedere | @Matt_Belvedere
Friday, 26 May 2017 | 1:22 PM ETCNBC.com
cnbc.com


Or:

Iconic hedge fund manager Seth Klarman says investors are missing huge risks
Rachael Levy
May 26, 2017, 1:08 PM 14,480

excerpt:

Risk, Klarman wrote, is the most important consideration when investing, and investors are being too trusting.

To make his point, Klarman contrasted today with the start of the financial crisis.

"When share prices are low, as they were in the fall of 2008 into early 2009, actual risk is usually quite muted while perception of risk is very high," Klarman wrote. "By contrast, when securities prices are high, as they are today, the perception of risk is muted, but the risks to investors are quite elevated."

Klarman oversees one of the US's largest hedge fund firms, with some $30 billion under management. He has a huge following on Wall Street — investors named his book, " Margin of Safety," their favorite investment book in a recent SumZero survey. A used copy on Amazon costs more than $900.

He is no stranger to raising concerns on the markets under President Donald Trump. Earlier this year, he laid out his worries in a separate investor letter, raising red flags about Trump's proposed tax cuts, for instance, which could considerably raise the government's deficit.

more at businessinsider.com
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