Seeking Alpha

Institutions are "still leery of stocks ... after 13 years of having their hearts broken," says...

Institutions are "still leery of stocks ... after 13 years of having their hearts broken," says Howard Marks (OAK). "You can see that in their low stock allocations compared with the period of 2000 and before." He expects stocks will need a couple more good years before "the love affair will really be rekindled." What's Oaktree excited about now? Commercial real estate in secondary markets - raw land, finishing projects, distressed properties.
Comments (17)
  • bbro
    , contributor
    Comments (9303) | Send Message
     
    "He expects stocks will need a couple more good years before "the love affair will really be rekindled."

     

    Ah yes just about the time when the business cycle will need to do its necessary correction....
    9 Mar 2013, 09:07 AM Reply Like
  • idkmybffjill
    , contributor
    Comments (1552) | Send Message
     
    can you elaborate?
    22 Mar 2013, 10:02 AM Reply Like
  • dividend_growth
    , contributor
    Comments (2878) | Send Message
     
    "I don't wanna buy stocks at 1500, but I will love them at 2000!"

     

    Stay clear of this moron, for him will destroy your wealth.
    9 Mar 2013, 10:16 AM Reply Like
  • ken burns
    , contributor
    Comments (12) | Send Message
     
    How many times have you had a front page article in Barron's?
    This "moron" is an advisor to Warren Buffett and many other billionaires. He is correct that many large investment companies are still not investing in this market at their historical rates. I will take his advise over most seeking alpha bloggers any day of the week.
    10 Mar 2013, 09:15 AM Reply Like
  • Teutonic Knight
    , contributor
    Comments (1998) | Send Message
     
    Buy high, and sell high, Man.
    9 Mar 2013, 10:18 AM Reply Like
  • Mike Maher
    , contributor
    Comments (2480) | Send Message
     
    I'm starting to worry about the fact that everyone like real estate again.
    9 Mar 2013, 10:47 AM Reply Like
  • pollyserial
    , contributor
    Comments (1055) | Send Message
     
    no kidding. HELOCs are back, too, in a big way. the more things change......
    9 Mar 2013, 01:05 PM Reply Like
  • minecanary
    , contributor
    Comments (411) | Send Message
     
    They will have their hearts broken before a couple years...
    The market will go straight up until Europe explodes or China puts a contract on Bennie.
    9 Mar 2013, 11:48 AM Reply Like
  • pollyserial
    , contributor
    Comments (1055) | Send Message
     
    I'm imagining the one-act opera, where a clown named Beppe stabs a banker named Ben over love for a bar of gold
    9 Mar 2013, 01:08 PM Reply Like
  • minecanary
    , contributor
    Comments (411) | Send Message
     
    We could use a Beppe over here but there are far to many clowns in office and in appointed positions already.
    9 Mar 2013, 04:07 PM Reply Like
  • Uncle Pie
    , contributor
    Comments (2665) | Send Message
     
    True: the US market averages are back to where they were about 13 years ago.
    Had you invested in the Canadian stock market you'd have done much better: outperformance of about 40%. Partly due to currency, partly due to a better economy.
    9 Mar 2013, 12:09 PM Reply Like
  • movies555
    , contributor
    Comments (588) | Send Message
     
    Eh? (No, really, I actually do like Canada a good deal.)
    9 Mar 2013, 03:40 PM Reply Like
  • wyostocks
    , contributor
    Comments (7612) | Send Message
     
    What "institutions" is he referring to?
    9 Mar 2013, 12:30 PM Reply Like
  • DeepValueLover
    , contributor
    Comments (8137) | Send Message
     
    No wage growth + student loan bubble = few long term gains on stocks with only average fundamentals.
    9 Mar 2013, 02:52 PM Reply Like
  • Nick Shadow
    , contributor
    Comments (154) | Send Message
     
    Dividend Growth,

     

    I strongly suggest you do some research on Howard Marks before you consider him a moron. If you had his 20+ year track record you wouldn't have the slightest inclination to read or comment on blogs.

     

    Check out symbol OAK and read their reported data.

     

    As for the person who said everyone is suddenly interested in real estate, I believe you are correct, Howard has been there for several years, mostly when no one would touch them. I have been along for the ride in my small way, it has been a really, really nice ride.

     

    Nick
    10 Mar 2013, 12:39 PM Reply Like
  • Aristiphones
    , contributor
    Comments (1327) | Send Message
     
    retailer investors have been stomped on given the economy and the Governmental response. Institutions obviously are terrified as a consequence as they see the complete disconnect between equities and "reality" and prefer the safety of treasuries and other debt instruments. this has been true for four years now....the behemoths are not about to change now that we've hit all time highs. this represents the opportunity of a lifetime..still in my view...to pick up great equities at fire sale prices. "never short a dull market" nor a dull economy. by and large the Government interventions have been a complete failure at getting growth in the economy moving higher. it appears to be a "power thing" so i don't see that changing anytime soon as much as i would like to. God forbid if there is open warfare on the Korean Penninsula or a major explosion in Saudi Arabia. Whether the USA wants it or not we're right in the middle of the two hottest spots on the planet. having been in both places i don't think "being there" is the way to go....but there are those people who "do love it so" as well. anywho..."worst recovery on record" continues. it is what the electorate voted for...
    11 Mar 2013, 03:21 AM Reply Like
  • canderson2000
    , contributor
    Comments (32) | Send Message
     
    I thought you were suppossed to buy on the dips? I also thought most thoughtful investors were always invested in the market to take advantage of the dividends. This article sounds like fear and trembling by amateur investors.
    11 Mar 2013, 06:44 AM Reply Like
DJIA (DIA) S&P 500 (SPY)
ETF Tools
Find the right ETFs for your portfolio:
Seeking Alpha's new ETF Hub
ETF Investment Guide:
Table of Contents | One Page Summary
Read about different ETF Asset Classes:
ETF Selector

Next headline on your portfolio:

|