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Bearishness among heavy-hitter money managers surveyed by Barron's rises to 27%, nearly double...

Bearishness among heavy-hitter money managers surveyed by Barron's rises to 27%, nearly double the amount from April's poll. As for individual sectors, there's no love for the utilities, with just 1% of respondents picking it as the best-performing industry over the next 12 months, and 20% choosing it as the worst. We've given away the answer, but guess which is today's cover. Feel better, bulls?
Comments (16)
  • Windwood Trader
    , contributor
    Comments (2445) | Send Message
     
    Wouldn't it be interesting to see how the 27% are modifying their client portfolios to match their sentiments?
    27 Oct 2012, 09:20 AM Reply Like
  • Archman Investor
    , contributor
    Comments (2353) | Send Message
     
    Well first of all we need to change the term money manager to asset gatherers. I mean that is really what they are. They "sell" themselves to gather more assets, collect more fees and in the end can only make money when stocks are going up. When they are busy losing everyone's money, they simply rationalize the loss by comparing themselves to the next money losing asset gatherer or index that is losing money.

     

    The poll is always pointless because 50% of the managers always like something while the other 50% dislike the same industry.

     

    I used to read Barron's. The problem was it kept clogging up my toilet bowl after I used it, so I gave up.
    27 Oct 2012, 09:35 AM Reply Like
  • untrusting investor
    , contributor
    Comments (9923) | Send Message
     
    AI,
    Well stated, It never ceases to amaze that so many of these asset gathers are still able to remain in business. But at least investors are gradually starting to move away from them as evidenced by equity mutual fund outflows over the last 4+ years. That is progress.
    27 Oct 2012, 07:57 PM Reply Like
  • Windwood Trader
    , contributor
    Comments (2445) | Send Message
     
    Barrons was my Saturday newspaper for years until it seemed to me that it was primarily a marketing publication.
    The Saturday/Sunday WSJ is far more interesting.
    27 Oct 2012, 10:18 AM Reply Like
  • wkl
    , contributor
    Comments (289) | Send Message
     
    Same publisher.
    27 Oct 2012, 10:33 AM Reply Like
  • wyostocks
    , contributor
    Comments (7628) | Send Message
     
    Barron's should join Newsweek and simply go away.
    27 Oct 2012, 11:13 AM Reply Like
  • jstratt
    , contributor
    Comments (2215) | Send Message
     
    One has to feel the market is overvalued given the market run and growth prospects. When you add into the mix a potential for a contested election I can understand the bearish concerns. At least twice a year we face a likely time to sell.

     

    Many who have done so missed the gains of 2012 however!
    27 Oct 2012, 11:59 AM Reply Like
  • tr4head
    , contributor
    Comments (330) | Send Message
     
    Gains of 2012 were false gains based on (1) Fed forcing no other investment choices and (2) central banks/WS/Liberal BO Media making people think US is safe haven for investments (also helping their POTUS). These are clearly the wrong reasons for the market gains, esp in light of growth in the alternative developing world/emerging markets. There has to be a huge correction soon, the market does not like spin and phoney valuations. PEs are way high compared to BRICs and other EMs, these economies actually have growth - organic

     

    2013 will be the year to short US and Europe and buy EMs and Gold. Oh, and Utilities are the play if you must be in US equities along with real estate.

     

    This time, the little guy is wise to the markets (having learned the hard way) and for now, may have missed some gains but in a few months the shoe will be on the other foot and WS bankers will be running to the exits.
    27 Oct 2012, 12:56 PM Reply Like
  • Stock Market Joe
    , contributor
    Comments (115) | Send Message
     
    I like your strategy for 2013. I went the same route with Emerging Markets and Utilities early this month.
    27 Oct 2012, 11:10 PM Reply Like
  • tr4head
    , contributor
    Comments (330) | Send Message
     
    I have been in EMs and Gold for 5 years. The last 2 have been bad for EMs because the media convinced people that they were too risky. Right. Hard to believe people bought this foolishness. No risk in Europe? US real unemployment twice the reported rate and developed world facing recession once again? I will take EMs where the people (more of them than us) work harder and are smarter than we are. I hate to say this about my good ol USA, but its the truth. I see nothing really good on the horizon for the irresponsible fat and lazy Americans who sue each other when things don't go their way.
    28 Oct 2012, 10:33 PM Reply Like
  • mirmidon
    , contributor
    Comments (4) | Send Message
     
    I never have really understood the term "false gains". Having being invested in risk for most of 2012 and gained, I cannot come to terms with "false gains". 15% realized return for my modest portfolio was "true gains".
    29 Oct 2012, 03:16 AM Reply Like
  • tr4head
    , contributor
    Comments (330) | Send Message
     
    True - a gain is a gain. I am not saying you don't have gains if you have sold them. You may even have paper profits. But if you have not sold and profited on paper from all the foolishness, then I think you may lose them all when the big market correction comes. At the least, I would put a stop loss at your gain amount so far so you don't lose anything. Investing in US stocks is investing in America. If you feel that America is doing just fine over the last 3 years (since BO was elected/this is NOT a coincidence), then you are in the right place. But politics is not a good way to make money in equities long haul. Traders do well here in manipulated markets but the little guy won't.

     

    The market cannot be manipulated for long, never has. I think the EMs will be the place to be for the next 20 years, at the Developed world's expense.
    29 Oct 2012, 08:13 AM Reply Like
  • PalmDesertRat
    , contributor
    Comments (2587) | Send Message
     
    Considering that money managers as a group are usually wrong, isn't this a bullish sign?
    27 Oct 2012, 01:33 PM Reply Like
  • Windsun33
    , contributor
    Comments (4254) | Send Message
     
    Considering that only about 20% of those "heavy hitters" manage to beat (SPY), I look on this as a possible buy signal.
    27 Oct 2012, 03:50 PM Reply Like
  • Windwood Trader
    , contributor
    Comments (2445) | Send Message
     
    Paraphrasing John Bogle-
    You're just not going to beat the indexes over time. Something like only 3-5% of managers can say they were better than an index over a 10 year period.
    27 Oct 2012, 08:24 PM Reply Like
  • Stock Market Joe
    , contributor
    Comments (115) | Send Message
     
    I long gave up on beating the markets. As long as I beat bonds, I'm happy.
    28 Oct 2012, 10:36 PM Reply Like
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