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
improving line market thin
There is a thin line between a liquidity-driven market that anticipates improving fundamentals and a bubble,
argue certainly concerned fear market negatives people point quite
The day that you should be concerned about the market is a day when there is no fear about what's going on. Certainly we have innumerable negatives that people can point to right now. I would argue that's actually quite healthy.
hurt last market rally relief seeing today
What we're seeing today is a relief rally from last week. There is really nothing to hurt the market today. All the techs are rebounding well.
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,
commodity continues currently dollar earnings exposure fall foreign help investors likely prices remain stocks stronger support
Stocks with significant foreign exposure should help to support stocks. If the dollar continues to fall and commodity prices remain strong, then earnings are likely to be stronger than investors currently expect.
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.
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.
came huge issue passionate since transit
I've been passionate about this ever since I came on the board; transit is a huge issue for me.
They could have diversified their holdings 2, 5 or even 10 years ago.
investors late private
Private investors are usually late to the party.
build building equity high house levels people prefer price speculate using wealth
People used to build wealth through building equity in their homes. Today, people prefer to speculate on the price of their house by using historically high levels of leverage.
closely companies executives held people trying
People say these companies are closely held and that the executives are trying to diversify, but why now?
near
S&P 500 valuations, by some measures, are near or at all-time highs,