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America's 10 Highest-Paid CEOs of 2011 (and How They Earned It)As a long-term value investor, Kevin Kerr is undeterred by market "noise" and looks beyond the "headlines of gloom and doom" that have been so prominent in the wake of the market setback.
Here, the editor of the Marketwatch Global Resources Trader assesses the pullback, the role of the yen carry-trade, and the reasoning behind a favored China-based stock pick -- Suntech Power Holdings Co., Inc. (NYSE:STP).
"The recent sell-off in commodities was a necessary and, quite frankly, overdue event.All the commodities from grains to gold had swung too far too fast." Indeed, the advisor quips, "As a long-term commodities bull, I can see the lumber through the trees."
Was the carry trade to blame, he asks, as so many pundits have stated? He notes, "Sure it played a role, but it was more like the primer for the pump of pain. Once it got flowing the hysteria took over and that was the real driver."
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