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Compiling comments that experts make about stocks while on public TV.

2013-12-03

General Comment by Irwin Michael, B.Com, MBA

Bias Subject Owned
SELECTIVE VALUE _N/A

Markets. Value is a moving target.  He has to look at a lot more stocks to find one to buy right now.  Not into the banks. Below tangible book, hidden assets, etc. are what he looks for.  People are always looking over their shoulder even though markets have done so well.  Better economic news could be a catalyst.  Better earnings would be helpful.  Lots of M&A.  Weakness would be an indicator to buy.  It’s a trading market and a stock picking market.  Expects Santa Clause rally.  The rotation from bonds into equities is happening.

Irwin Michael, B.Com, MBA
Portfolio Manager, ABC Funds http://www.abcfunds.com

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