Chief Investment Officer
Leuthold Weeden Capital Management
Minneapolis
Leuthold Weeden recommended buying equities four days before the start of the bull market in March 2009.
Dip Into European Corporate Debt
"We see considerable downside for Treasury investors over the next several years. It has been sobering to see pension funds lining up to lock in these ridiculously low rates under the guise of liability-driven investing. Emerging-markets sovereign debt at shorter maturities looks attractive to us. European equities yield around 4 percent, almost double the U.S. dividend yield. The high-quality European multinationals are among the last high-yielding global equities that haven't already been bid up aggressively by income-seeking investors."
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