Mark Mobius at Templeton is buying BRIC stocks:
May 27 (Bloomberg) — Templeton Asset Management Ltd.’s Mark Mobius said he’s been buying stocks in Brazil, Russia, India and China in the past month and called the slump in emerging-economy shares a “correction” in a bull market.
“Despite the fact that a lot of people think that we [...]
Barton Biggs:
May 27 (Bloomberg) — U.S. stock markets are oversold and may rally strongly in the next few days, said investor Barton Biggs, who runs New York-based hedge fund Traxis Partners LP.
“I think they’re going to stabilize in this general area, and then we’re going to have a significant move to the upside,” Biggs, whose [...]
If you style yourself a contrarian - and most people do - you have to at least start looking at European stocks. The falling Euro is taken here as an excuse to sell US stocks and obviously it doesn’t say good things about Europe that the currency is falling, but these things have a way [...]
Harold Myerson in the Washington Post believes that those of us who want to reduce the deficit are just meanies who don’t care about the folks still looking for a job:
Of all the gaps between elite and mass opinion in America today, perhaps the greatest is this: The elites don’t really believe we’re still in [...]
