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David Dreman: The Financial Meltdown: Depression or Major Market Opportunity Ahead?
Posted by: gurufocus (IP Logged)
Date: August 29, 2009 07:21AM

June 2009: David Dreman presentation to Forbes Investors Cruise: "The Financial Meltdown: Depression or Major Market Opportunity Ahead?"

Looking to the Future:

Too early to call a new bull market; not too early to say the worst is likely over

March –April ’09: sharpest rally since 1933

Stocks begin to double off their lows–Examples: GE, Bank of America, Citigroup

Earnings forecasts, while still depressed, begin to rise: We forecast earnings will gradually move higher–If the market concurs we should see stock prices advance sharply

With trillions of dollars poured into worldwide recovery we should see the highest inflation since the 1970s –80s–Devastating for bond markets, Treasuryswill perform poorly

Keep your maturities short!

The worst investments of the last few years, Stocks and Real Estate, are likely to be the best performers in our opinion

– Stocks typically fare well in inflationary or hyper-inflationary periods

Read the Presentation

Guru Discussed: David Dreman: Current Portfolio, Stock Picks
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