Richard Bernstein
Richard Bernstein
Richard Bernsteinis an American journalist, columnist, and author. He writes the Letter from America column for The International Herald Tribune. He was a book critic at The New York Times and a foreign correspondent for both Time magazine and The New York Times in Europe and Asia...
ProfessionJournalist
Date of Birth5 May 1944
economic fed indeed perhaps slowing weather
It will be interesting to see if these companies' misfortunes are indeed attributable to weather and temporary, or perhaps better attributable to the Fed and slowing economic growth.
cycle factor history powerful pricing profit
History suggests that the most powerful factor influencing the profit cycle is pricing power.
dollar earnings growth negative percent
Historically, S&P 500 earnings growth, on average, has been negative when the dollar has appreciated 10 percent or more in a 12-month period.
admittedly although attempted believe boost continue cuts demand huge japanese makers measures monetary policy seem stimulate talk tax timing
Policy makers seem to continue to believe that they can boost demand enough to alleviate the oversupply situation. They now talk of extraordinary monetary measures and huge tax cuts to stimulate demand, ... Although their timing was admittedly very poor, Japanese policy makers attempted the same thing.
investors late private
Private investors are usually late to the party.
among disliked good news perform quite stocks
The big telecoms still have to be among the most disliked stocks in the world. They are so under-owned that if we see a continuation of more good news than bad, the stocks will perform quite well.
answer deflation managers portfolio potential question regarding saying
Portfolio managers should answer the question regarding the potential for deflation by saying that we are already deflating.
near
S&P 500 valuations, by some measures, are near or at all-time highs,
building caught component constant dividends forget huge individual investors
Most individual investors get caught up in the hype. They forget that the constant reinvestment of dividends can be a huge component of building wealth.
rate slow slower
At the rate it's going right now, profitability will accelerate, but at a very, very slow pace, ... much slower than what's implied by valuation in the market.
equity focus highest largest quality
If you're in the equity market, you want to focus on the largest cap, highest quality companies,
across broad companies despite few general insider investors last months perception range ratings record selling stocks street wall within
There has been record insider selling within the last 10 months across a broad range of homebuilding companies despite very few sell ratings by Wall Street analysts and the general perception by investors that the stocks are undervalued.
connected greatest
Two of Michigan's greatest institutions can be connected by rail.
commented equity improving line market stepped thin
We have commented that there is a thin line between a liquidity-driven market that anticipates improving fundamentals and a bubble. The equity market may have stepped over that line.