Forbes - Skip Gold, Go for Bank and Treasuries in 2012

Forbes interviews Richard Bernstein on his global market outlook. Originally published in Forbes on February 16, 2012.

Read more


USA Today - Roundtable: Top Strategists' Moneymaking Tips for 2012

USA Today Roundtable featuring Rich Bernstein. Originally published in USA Today on December 15, 2011.

Read Article



Year Ahead 2012

Assessing the prospects for a coming twelve-month period is always a challenge.  We rely on our broad arsenal of fundamental barometers for profits, sentiment, momentum, and our cyclical indicators to help us identify whether markets are correctly aligned relative to their economic and profits cycles.

Download PDF



Climbing the Wall of Worry

Most investors have heard the phrase "bull markets climb the wall of worry". However, they also have difficulty identifying whether the stock market is indeed in a bull phase that is climbing the wall of worry or whether fear is justified and the bull market is nearing the end. 

Download PDF



13 for '13

Each December we publish a list of investment themes that we feel are critical to the coming year. Here are our 13 for 2013. 

Download PDF



Welling@Weeden - Asset Allocation Champ Defensive, Looks For Bigggest Gains At Home

Kathryn M. Welling of Weeden & Co. interviews Rich Bernstein. Originally published on October 28, 2011.

Download PDF


The New York Times - For Clues to U.S. Stocks, Look to Greek Bonds

The New York Times interviews Richard Bernstein. Originally published in The New York Times on November 4, 2011.

Read more



Follow the Cycle

It remains a mystery to us as to why investors believe each cycle is terribly different from the other cycles. The title of a very popular book right now is "This Time is Different". Some cycles are, of course, stronger and some are weaker, and some cycles last longer than others. However, the investment implications at different points in the cycle remain remarkably consistent. With the exception of bubbles, we have yet to come across a truly "different" investment cycle. Most important, the typical cyclical rotations within the global financial markets are following their normal pattern even during the current cycle.

Download PDF