Beyond Bulls & Bears

The Eurozone Plots Its Long Road to Recovery

The Eurozone Plots Its Long Road to Recovery

So far, the prescriptive actions taken by the European Central Bank (ECB) have been helpful, in my view, even if their execution was a bit underwhelming.

Value Emerges Outside Glare of US Markets

Value Emerges Outside Glare of US Markets

Today, we see much more undervaluation outside of the United States, including two emerging markets—South Korea and China—that have been out of favor in recent years.

A Revolutionary Idea: Investing in Europe (even Russia)

A Revolutionary Idea: Investing in Europe (even Russia)

Investing in Russia has generally been risky, and its current clash with Ukraine provides yet another example of why. There are times, however, when we think investing in Russia makes sense.

Will the Russia-Ukraine Crisis Chill Europe’s Recovery?

Will the Russia-Ukraine Crisis Chill Europe’s Recovery?

While the situation in Ukraine currently looks troubling, I do not believe Russia can afford a prolonged crisis. The Russian economy could already be in recession or heading toward one, and the lost production, supply shortages and higher consumer prices that Russians are facing could erode President Putin’s support over time.

ECB Measures Highlight Draghi’s Determination

ECB Measures Highlight Draghi’s Determination

The ECB remains focused on getting liquidity into European banks and encouraging them to do something with that money.

European Bank Stocks: Time to Buy, or Bail?

European Bank Stocks: Time to Buy, or Bail?

A gradually improving economic outlook, conservative loan underwriting and the potential for write-backs from existing non-performing loan provisions should support a recovery in European bank equities.

Standing By Convictions in European Equities

Standing By Convictions in European Equities

I believe the European Central Bank (ECB) in June gave compelling new reasons for investors to take an active interest in Europe.

ECB Leaves the Door Open for Further Action

ECB Leaves the Door Open for Further Action

I like the fact that Draghi has not tried to pin the ECB’s success all on one particular strategy.

Taking Emotion out of Taking Risk

Taking Emotion out of Taking Risk

Scouring Europe for Overlooked Value in Equities

Scouring Europe for Overlooked Value in Equities

Climbing a Wall of Worry?

Climbing a Wall of Worry?

We recognize there are global uncertainties in the markets right now that will cause investors to worry at times. When those worries are enough to cause selling, as we see it, that’s where the opportunity comes in.

Going Against the Grain, Again

Going Against the Grain, Again