Organize. Next Economy @fer_ananda. Grasping Reality with a Sharp Beak. 89.9FM - Media Player. Baby boomer bull now worried. By Peter Brimelow, MarketWatch NEW YORK (MarketWatch) — A bouncing baby-boomer bull is developing doubts about stocks and the economy. New World Investing’s veteran Michael Murphy has always been regarded as a brilliant promoter. But it’s only at this comparatively late point in his career that his actual performance could be called brilliant. As a fellow baby boomer, this late blooming cheers me up. (See Sept. 10, 2009, column.) New World Investing was the third-highest performer in 2010, up 37.83% by Hulbert Financial Digest count vs. 17.16% for the dividend-reinvested Wilshire 5000 Total Stock Market Index.
Murphy was among the most bullish voices after the Crash of 2008. This of course raised the possibility that Murphy was simply taking a wild gamble — and he’s a man not afraid of wild gambles. But it turns out that Murphy is not a permabull. Murphy still seems to be fully invested, in a wide range of stocks he monitors in great detail.
His “Top Buys Long-Term” are: Rentech Inc. U.S.
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