Money Life with Chuck Jaffe

Monday, Nov 19, 2012

Larry Gilbert

managing director and partner, HighTower Advisors, Chicago

Economy Watch

On Twitter: @HighTowerAdvsor

Links:

Monday, Nov 19, 2012

John Buckingham

chief investment officer, Al Frank Asset Management; manager of the Al Frank Fund

MoneyLife Market Call

Tickers Discussed :NSC, TRV, WFT During "Hold It or Fold It": CWT, LMT, COV, DIS, MET

Links: www.afamcapital.com; www.prudentspeculator.com

Friday, Nov 16, 2012

Sandy Villere III

co-manager, Villere Balanced Fund (VILLX)

MoneyLife Market Call

Tickers Discussed : BID, CCL, JOSB During "Hold It or Fold It": HPQ, FB, GOOG, LEG, FLO, WR

Links: www.villere.com

ShortHeadline: Villere: 'It's almost too late to play defense'

DetailInformation: Sandy Villere III, co-manager of the Villere Balanced Fund (VILLX) says “it’s almost too late to play defense,” given market and economic conditions, and that “it’s time to find some good growth companies and buy them at reasonable prices.” In the MoneyLife Market Call interview with Chuck Jaffe, MarketWatch senior columnist, Villere noted that while he does not expect to see a significant increase in interest rates until late in 2014, he is reducing the bond exposure in his five-star balanced fund in part out of worry about what could happen next. “If you just look back to March of ’09, you have seen about a trillion dollars come into bond funds and have seen $138 billion come out of equity funds,” Villere said. “The herds have rushed into bond funds and I don’t want to be around when the herds rush out.” His other reason for minimizing bond exposure is the ability to cash in on stocks. “With the fiscal cliff issues, the election and all this uncertainty, there are a lot of opportunities,” Villere said. “If you are careful and consider yourself a stock picker, you can really dig through the rubble and find some unbelievable companies trading at really reasonable prices given their growth profile.” Among the stocks that fit that bill, Villere singled out Sotheby’s (BID) and Carnival Cruise Lines (CCL) as stocks that have big positions in their industry and that are stocks that other investors have “discarded” for economic and headline reasons. During “Hold It or Fold It,” when guests give their appraisal of stock requests made by the MoneyLife audience, Villere noted that he would sell Facebook (FB), Google (GOOG), Hewlett-Packard (HPQ) and Westar Energy (WR), and said he would be a buyer of Leggett & Platt (LEG) and Flowers Foods (FLO).

Friday, Nov 16, 2012

Bill Nygren

co-manager of the Oakmark Fund

The Big Interview

Links: www.oakmark.com

Friday, Nov 16, 2012

Dick Dickson

senior market strategist, Lowry Research Corp.

Technical Difficulties

Links: www.lowryondemand.com; www.lowryglobal.com

ShortHeadline: Lowry's Dickson: Market needs follow-through days ... or else

DetailInformation: Dick Dickson, senior market strategist for Lowery Research, says that if the market does not see some strong days ahead, it could be headed for a significant downturn. Appearing on MoneyLife with Chuck Jaffe, MarketWatch senior columnist, Dickson noted that market sentiment seems to be more negative, and that these “more acute” feelings “looked at from a contrarian point of view, could be a relatively positive thing for the market.” That said, Dickson said he was looking for “90 percent days,” when up volume or down volume makes up nine-tenths of volume. “Important market down days typically include a combination,” Dickson said, where 90% down days push the market down, and then 90% up days show that there is real demand – and not just a lack of sellers – to drive the market higher. He said the market could take a turn for the better with the Thanksgiving holiday approaching, but that the follow-through days of big demand will be the key, noting that they need to happen within a few days of the market’s turn. “What we need to see is one or more 90% up days to tell us that the tide has turned,” Dickson explained. “If we don’t see a 90% up day – if we just get sort of a mediocre rebound over this – all bets are off; this market could just roll over again and go even lower.”