Ken Fisher, "Because stocks are so cheap, a big bull market will emerge."
In his latest column in Forbes, Ken Fisher admits he was too bullish in September, but he is even more bullish now. He largely blames the media for fomenting bearish sentiment. Fisher picks Logitech (LOGI, $14.37), Cisco Systems (CSCO, $16.27), GlaxoSmithkline (GSK, $35.91), France Telecom (FTE, $27.98), and John Wiley & Sons (JW.A, $33.42) for future gains.
Source:
http://www.forbes.com/personalfinance/forbes/2008/1222/104.html
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Marker: Dow 8,515
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Anonymous
December 29, 2008 at 9:43 am
How can this guy be so out of the loop?
The sell of IT infra equipment is crashing. Cisco sold practically nothing in October.
And after a 20% bounce from the lows, he’s expecting a major rally?
I’d say he’s smoking and inhaling it or trying to mislead on purpose.
stocksystm
December 30, 2008 at 5:18 am
It is surprising that Ken Fisher has been so incredibly wrong given the excesses that were allowed to develop in the housing area. The only amazing thing is how it took the market so long to realize that this was a major problem.