Investing for 2010: Ideas from Gross, MacAllaster & Witmer
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February 1st, 2010 by Dian L. Chu
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Three members of Barron’s roundtable, Bill Gross, Archie MacAllaster and Meryl Witmer shared their views on market outlook and investment ideas with Wall Street Journal.
The following is a recap with video links of the interviews.
Gross’ Three Market Drivers for 2010
Bill Gross, founder and co-chief investment officer at Pimco, believes the direction of short-term interest rates, inflation and quantitative easing will be the driving market forces in 2010.
Inflation: Contained & moving lower
Short-term Interest Rate is Central banks response to inflation. He expects them to maintain the current near zero policy amid low inflation.
Quantitative Easing - Central banks withdrawal from buying mortgages and treasuries will have great impact on stocks, bonds and other riskier assets.
Note: Bill Gross’ February 2010 Investment Outlook: The Ring of Fire is available at Pimco.com here.
MacAllaster Sees A “Good Size” Correction Coming
Archie MacAllaster, chairman of MacAllaster Pitfield MacKay, believes there will be a “good size” market correction in 2010 before rebounding later in the year with a possible 15% upside. He expects financials, particularly life insurance stocks to rise.
(MacAllaster interview video link here)
Witmer Expects Compass Mineral to Outperform
Meryl Witmer, general partner at Eagle Capital Partners, likes Compass Minerals (CMP), a salt and specialty potash maker. She expects its shares to have above trend growth over the next several years as it has one of the few expandable salt mines in the country.
Witmer sees Compass making $8-9 a share in 2011 or 2012, and should trade north of $100 in a year or so.
(Witmer video interview link here)
Video Source: WSJ.com
Read more from the author/contributor here.
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Tags: Archie Macallaster, Bill Gross, Central Banks, Chief Investment Officer, Compass Mineral, Compass Minerals, Eagle Capital, General Partner, Insurance Stocks, Interview Link, Investment Ideas, Investment Outlook, Market Drivers, Meryl Witmer, PIMCO, Salt Mines, Stocks Bonds, Video Link, Video Source, Wall Street Journal, WsjPosted in Markets |
