Mario Gabelli was on CNBC recently talking about the outlook of the market.
Gabelli is the founder, chairman, and CEO of Gabelli Asset Management Company Investors (GAMCO Investors) a $30 billion dollar global investment firm headquartered in Rye, New York. Forbes magazine's 2006 Forbes 400 rankings listed him as #346 on the list of wealthiest Americans and estimated his net worth at $1.0 billion.
Mario Gabelli thinks the market will start looking towards the elections and politics. Investors will start to realize that there will not be a second stimulus package and start to worry about whether current earnings can be sustained.
Gabelli thinks towards the end of 2011 and 2012 will bring more confidence towards the market.
Mario Gabelli sees the recent M&A activity as a positive sign for the market. Mario is bullish overall now that corporate America has much strongly balance sheets. They will eventually deploy the cash on their balance sheets; it is only a matter of when and how.
Gabelli said many companies are trying to deal with huge pension costs, but will be able to deal with this problem.
Gabelli thinks if the Republicans take the house the market will go down. The market will get scared that there will not be a second stimulus.
Gabelli says that deficit reduction is vital, and that low income earners are paying too much in taxes for social security. He also thinks that corporate tax rates should be lower, while taxes on higher individuals should be raised. He also believes in changing the tax structure for private equity, and hedge funds.
It is interesting that Gabelli is so confident in short term predictions even though he considers himself a value investor. These do not seem to be the views of a pure value investor to me.
http://www.valuewalk.com/
Gabelli is the founder, chairman, and CEO of Gabelli Asset Management Company Investors (GAMCO Investors) a $30 billion dollar global investment firm headquartered in Rye, New York. Forbes magazine's 2006 Forbes 400 rankings listed him as #346 on the list of wealthiest Americans and estimated his net worth at $1.0 billion.
Mario Gabelli thinks the market will start looking towards the elections and politics. Investors will start to realize that there will not be a second stimulus package and start to worry about whether current earnings can be sustained.
Gabelli thinks towards the end of 2011 and 2012 will bring more confidence towards the market.
Mario Gabelli sees the recent M&A activity as a positive sign for the market. Mario is bullish overall now that corporate America has much strongly balance sheets. They will eventually deploy the cash on their balance sheets; it is only a matter of when and how.
Gabelli said many companies are trying to deal with huge pension costs, but will be able to deal with this problem.
Gabelli thinks if the Republicans take the house the market will go down. The market will get scared that there will not be a second stimulus.
Gabelli says that deficit reduction is vital, and that low income earners are paying too much in taxes for social security. He also thinks that corporate tax rates should be lower, while taxes on higher individuals should be raised. He also believes in changing the tax structure for private equity, and hedge funds.
It is interesting that Gabelli is so confident in short term predictions even though he considers himself a value investor. These do not seem to be the views of a pure value investor to me.
http://www.valuewalk.com/
