STEVEN LEUTHOLD TURNS BEARISH
20 June 2009 by Cullen Roche
5 Comments
Noted long-term bear, Steven Leuthold is expecting a short-term correction before the market rally continues to S&P 1,100. He called for the rally in early March.
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Comments
its all about timing….
Dec.16
11:17 AM ET
Tuesday, 16 Dec 2008
Stock Picker: Buy Like a ‘Kid In a Candy Store’
Posted By:Andrew Fisher
Topics:Nasdaq | NYSE | Stock Market | Stock Options | Stock Picks
Steven Leuthold says investors are now faced with the best opportunities in 46 years.
“We’re down in the low 6, 7 percent of historical valuations, when we look at P/Es,” the founder and chairman of Leuthold Weeden Capital Management told CNBC. “To me, it’s like a kid in a candy store! We’ve got values all over here for people that are patient.”
Recommendations:
So, where is “here?”
“Normally, in the first stage of a new cyclical bull market, where we think we are, the small caps [.RUT 512.72 3.24 (+0.64%) ] are typically the leaders off the bottom,” he said. “I think the small caps look more encouraging over, say, the next six to nine months than the large caps.”
He finds small-cap biotech stocks and green-wave technology stocks particularly promising.
http://www.cnbc.com/id/28196412/
so….
after he bought, he now is long biased….of course he wants to say to everyone BUY BUY BUY
where are unbiased opinions?
Your headline doesn’t jive with the interview. He thinks the correction might already be over and we’re headed to 1100 on the S&P 500 by year end.
Be careful about listening to Mr. Leuthold he turned bullish late January 2008, yes 2008, predicting a bottom:
http://www.businessweek.com/magazine/content/08_16/b4080067330758.htm?chan=top+news_top+news+index_investing
Then on September 17th of 2008 he said “[T]his is absolutely the wrong time to sell stocks.”:
http://www.kiplinger.com/columns/value/archive/2008/va0918.htm
So, he’s been calling a rally for the past 18 months!
Good stuff percolator. Thanks for keeping me honest.
I don’t get why anybody cares what he says?
He tuns some long funds but also the GRZZX short fund, suggesting he makes money either way. It seems non-optimal to then also put out advice since it might turn out to be “wrong” & scare people off from your funds.