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Jim Puplava Interviews Barry Bannister...Great Stuff

beebee
edited May 2012 in Off-Topic
Jim welcomes Barry B. Bannister CFA, Managing Director at Stifel Nicolaus, to discuss the US equity outlook and the global macro environoment. Barry also discusses the Four Major Mistakes investors are making in today’s investment environment.

Some of his Ideas:

4 Mistake small investors make in a sideways market:
-Thy should follow the market, don't anticipate what it will do
-Think short term, trading is all you got
-Don't stick with old strategies...i.e. Gold worked but it won't going forward
-It not what you own in a sideways make , its what you afford...investment land mines will blow up up

Barry's doesn't like the BRICs nor the parity of AUD and CAD currency to US dollar

Gold is money...USD is credit...always respect the power of Gold

Value of the dollar is heading up and therefore Gold will be headed down

When the Banks are leading the market...get out...they are the caboose of the train

http://www.financialsense.com/financial-sense-newshour/guest-expert/2012/05/10/barry-bannister/bulls-take-step-back-but-look-for-s-and-p-1400-plus-by-year-end

Comments

  • Old_Skeet
    edited May 2012
    Hi bee,

    Here is another take on the markets ... It from Wall Street Week Ahead which has a bearish outlook. It is looking for a five to seven percent pull back form the recent April high of 1422. This would put the S&P 500 Index at a reading in the 1320's should it reach a seven percent pull back. Currently, the index sits in the low 1350's (about five percent off its high). I feel this article is worth the read.

    http://finance.yahoo.com/news/wall-street-week-ahead-stocks-013833233.html?l=1

    In addition, the markets in general are now selling at about a nine percent discount according to Morningstar's Market Valuation Graph as of Friday's market close. It is linked below for your easy reference. If this is so, by my math, this puts the market at a fair value some where close to the low 1470's (109% times 1350 = 1471).

    http://www.morningstar.com/market-valuation/market-fair-value-graph.aspx

    I might be doing a little select equity buying next week should we reach the 1320's as that would be a little better than ten percent off of Morningstar's fair value, again by my math.

    Have a good weekend ... and, Good Investing.

    Skeeter
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