Japan’s stock market is more than 70 percent off its 1989 record high and last month the country’s debt was downgraded for the first time in nine years. Time to buy Japanese equities, says David Herro.
“At these prices Japanese stocks are a steal,” said Herro, 50, manager of the $6.9 [...]
Posts Tagged ‘stocks’
Oakmark’s David Herro Says Unloved Japanese Stocks a ‘Steal’
February 3rd, 2011 by Financial Writer
Tags: au, bank, ben, business, China, company, Debt, deutsche bank, dollar, economic, economy, economy grew, euro, Europe, european union, exports, finance, glo, government, increase, india, Invest, investment, investor, investors, japan, new york, prime minister, rate, stock, stock market, stocks, the dollar, us
more...Are the markets back? Reply is hazy - The Buzz
December 15th, 2010 by Financial Writer
It’s been a long way back, but two of the most widely watched stock market barometers are now trading right around where they were before the financial excrement really hit the fan in September 2008.
The Dow closed Tuesday at 11,476.54, its highest close since September 8, 2008 — a week before the bankruptcy of Lehman [...]
Tags: 2012, AIG, au, bank, bankruptcy, ben, business, businesses, China, citigroup, company, credit market, crisis, Debt, deficit, depression, economic, economic growth, economic recovery, economy, euro, Europe, fed, financial, financial crisis, glo, global credit, global economic, government, great depression, great recession, Invest, investment, investor, investors, job, money, rate, recession, sales, stock, stock market, stocks, united states, us, wall street
Why rampant insider trading was inevitable
November 24th, 2010 by Financial Writer
All of the ingredients were in place for industry-wide evidence of insider trading. Add a dash of deals and a new political zeitgeist and the recipe was complete.
A year ago the money manager Doug Kass predicted that we’d see a “broad-ranging sting” in 2010 which would surface “the existence of extensive exchange of information [...]
Tags: au, bank, bankers, business, economy, fed, Florida, government, healthcare, holiday, Invest, investor, investors, job, money, stock, stock prices, stocks, transaction, transactions, us, wall street
Stocks struggle to rise
June 30th, 2010 by Financial Writer
Stocks struggled to gain Wednesday after a weaker-than-expected jobs report killed some momentum toward a market rebound.
The Dow Jones industrial average (INDU) was up slightly, while the S&P 500 (SPX) gained 0.4% and the Nasdaq (COMP) was up about 0.7%.
The ADP report showed less of a job-market gain than economists had hoped, which dented stocks [...]
Tags: businesses, Dow Jones Industrial, economic recovery, economists, global economic, Nasdaq composite, stocks, world markets
Stocks end mixed after China slows lending again
February 12th, 2010 by Financial Writer
A look at economic developments and activity in major stock markets around the world Friday:
FRANKFURT — With Greece overdrawn and no one eager to foot the bill, Europe’s messy debt crisis has exposed a fundamental weakness among the 16 countries that share the euro: different and often diametrically opposed approaches to spending don’t make for [...]
Tags: economic developments, major stock, money surging, real estate prices, stocks
Stocks rise after slew of economic reports
November 25th, 2009 by Financial Writer
Stocks rose in light volume Wednesday following a drop in weekly unemployment claims to the lowest level of the year and a rise in new home sales.
Trading volume was thin ahead of the Thanksgiving holiday. Light volume can exacerbate swings in the market.
The Labor Department said new claims for unemployment insurance fell by 35,000 last [...]
Tags: home sales, investors, stocks, thanksgiving holiday, unemployment