Volume Breadth Favors Non-Cyclical 'Defensive' Sector ETFs

Fri, 04/29/2011 - 06:36 EDT - Seeking Alpha

Gary Gordon submits: Two of the most bullish voices in the mainstream media include money manager Ken Fisher and Bob Doll, the chief equity strategist at Blackrock. Fisher experienced an epic “fail” by completely missing the 2007-2009 bear/financial collapse; he had little choice but to stick with a never-ending bullish theme to claim credit for calling the “turnaround.” Bob Doll has always been more measured; his accomplishments have less to do with Fisher-like marketing skill and more to do with nose-to-the-stone analysis. Nevertheless, if you follow Doll’s weekly investment commentary, it’s a similar “rub” to the one that you got when you listened to Goldman Sachs’s perma-bull, Abby J. Cohen. Why am I bringing up these prominent men of a certain age? Both Fisher and Doll have gone on record as expecting corrective activity for stocks. They remain long-term bullish, but are decidedly less enthusiastic about the immediate term. Since both speakers areComplete Story »

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Cyclical Sector ETFs 'Technically' Worse Off Than Non-Sensitive Sectors
Gary Gordon submits: Analysts like Bob Doll at Blackrock believe that U.S. economic growth will accelerate, with GDP likely to come in at a vibrant 3.5% for 2011. Economists polled at the Economist Intelligence Unit may be a little less enthusiastic, but they have raised their forecasts from 3.0% to 3.1%.
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Gary Gordon submits: Emerging countries are growing so rapidly that their stock markets are beginning to look, well ... less attractive? That’s what Blackrock’s Bob Doll, Fisher Investments’ Ken Fisher as well as Goldman Sachs are saying.
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BlackRock chief equity strategist Bob Doll to retire
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Bob Doll’s 10 predictions for 2012
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Gary Gordon submits: Even the bulls have been hedging their commentary lately. For example, Blackrock’s Bob Doll frequently points to accommodative monetary policy, strong corporate results and an increasingly self-sustaining economy as reasons for stocks to grind higher.
Corporate Balance Sheets Offer Bullish Sign
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'Dr. Copper' May Eventually Impact U.S. and Global Stock ETFs
Gary Gordon submits: Big name strategists like Bob Doll of Blackrock have stated that U.S. equities should outperform emerging market equities. One of the reasons?
BlackRock Still Wildly Bullish
The Pragmatic Capitalist submits: BlackRock is still wildly bullish on the markets. In their most recent strategy note, Bob Doll, BlackRock’s Chief Equity Strategist, says the recovery is stronger than most believe, the consumer is back and production is booming:
BlackRock: The Recovery Is Real, Get on Board
The Pragmatic Capitalist submits: Bob Doll, Chief Equity Strategist at BlackRock, one of the world’s largest asset managers, is striking a very bullish tone in his latest strategy note. This is the polar opposite from his former Merrill Lynch companion, David Rosenberg, who says we are not recovering (see here).

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Volume Breadth Favors Non-Cyclical 'Defensive' Sector ETFs

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