Jul 7, 2011

Ken Fisher on "bounce back" investing

One of the points is that the stocks that have been getting hammered the most are actually the same categories that were doing well as the market was going up, which is really normal for a correction. They are the ones the most economically sensitive and therefore I think the bounce back where you want to focus now is on the things that are economically sensitive including energy and materials and industrials and consumer discretionary as you have shown on your chart earlier as to the areas that have done best in the expansion. I think those areas bounce back, because as we move from a period in a normal expansion of below average growth back to more normal growth, those stocks will get more bounce back and more empathy behind them, if you will.

~Ken Fisher, CEO, Fisher Investments, CNBC, June 22, 2011

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