John Montgomery


October 9, 2009

This week on Consuelo Mack WealthTrack three outstanding financial world figures: Bob Doll runs three large cap funds at BlackRock; John Montgomery heads up a family of funds using computer models at Bridgeway Capital; Tom Petrie, Vice Chairman of Bank of America – Merrill Lynch, is a veteran observer of the energy sector.

WEALTHTRACK Episode #515; Originally Broadcast on October 09, 2009

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Vice Chairman, Global Chief Investment Officer for Equities, BlackRock


Founder, CEO Bridgeway Capital Management


Vice Chairman, Bank of America Merrill Lynch

Consuelo Mack Has the opening shot been fired? Has the great stimulus withdrawal begun? That is the question heard in financial markets round the world this week as Australia’s central bank became the first of the group of 20 major developed countries to raise interest rates after more than a year of global reductions.

The Australian Reserve Bank’s explanation that “The risk of serious economic contraction in Australia now having passed…” raises questions about when other countries will hike their rates. Likely candidates are commodity-based economies like Brazil that are recovering swiftly and Asian countries like South Korea, China and Indonesia, which are leading the world rebound.

Gold has been a beneficiary of the pick up in global activity. This week it hit a new record, closing at $1,062.70 an ounce today. The precious metal is up nearly 20% so far this year. Meanwhile oil, which closed at $71.65 a barrel this afternoon in New York, has appreciated about 60% year-to-date. According to this week’s guest, energy analyst Tom Petrie, the long term trend for black gold is considerably higher.

And what about stock prices? Third quarter earnings reports are starting. Alcoa led the pack this week with an unexpected profit for the third quarter. What’s the outlook, especially considering the market’s recent meteoric rise? The S&P 500, which as of today has advanced for four straight sessions, has rocketed 57% from the March lows.

How soon are global interest rates going to rise? What’s the prognosis for the economy, earnings and oil and where is there money to be made in the markets? This week on WealthTrack we’ll put those questions to our three market pros.

Bob Doll is the Vice Chairman and Global Chief Investment Officer, Equities, at BlackRock. Bob is also a respected money manager who runs three different large-cap funds for BlackRock: Core, Growth and Value.

John Montgomery is the founder and director of Bridgeway Capital Management, which manages a family of mutual funds using computer models and quantitative methods. John manages 10 of the 11 funds and has compiled a top-notch performance record since the firm’s launch in 1993.

Tom Petrie is one of the savviest oil and gas analysts and advisors in the business. Tom’s longtime research and investment banking firm Petrie Parkman was bought a few years ago by Merrill Lynch and he is now a Vice Chairman of Bank of America Merrill Lynch.

All of our guests will share their “One Investment” recommendation for a long term diversified portfolio. And in my action point I’ll pick up on some of their suggestions.

Thanks for watching and make the week ahead a profitable and a productive one.

Best regards,

Consuelo Mathews Asia

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WealthTrack focuses on the economy, energy and value investing with three guests exclusive to us. ISI Group’s Ed Hyman, Wall Street’s number one ranked economist for 27 years running, star value investor Chris Davis of the Davis Funds, and veteran energy hand Tom Petrie, Vice Chairman of Merrill Lynch.



This week on WealthTrack, it’s back to school with three experienced investment mentors- Random Down Wall Street’s Burton Malkiel, Harvard behavioral economist David Laibson, and energy market veteran Tom Petrie. They all have pointers for tough market tests.



We’ll talk about long-term demographic trends and the investment opportunities they are creating with demographics pioneer, Peter Francese, the founder of American Demographics magazine. Plus we’ll explore some of the deep values being created in the beaten down oil patch with veteran analyst and investor Tom Petrie, and in a WealthTrack television exclusive, delve into other sectors of the financial markets with fund manager Robert Kleinschmidt of the highly regarded Tocqueville Funds.


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