Ken Fisher: The Debt Issue Isn’t Really a Crisis

By on July 21, 2011

Maria Bartiromo interviewed Ken Fisher yesterday who likened talk of the debt issue to “jaw jacking.”  A little clarification: to “jaw jack” is generally defined as saying a lot about something without saying anything. Fisher indicated current low interest rates debunk talk of a debt crisis.

Fisher used an old line by John Templeton to point out we’re still in the early to middle rounds of this bull market. He said the bull market is transitioning to its latter phases and investors should shift into technology, healthcare and high quality consumer staples. He suggested underweighting industrials, telecom and utilities, while maintaining positions in energy.

Fisher said it would be years before financials become market leaders again.

4 Comments

  1. vitipon

    August 7, 2011 at 8:08 am

    He never learn, does he ? financial journalists should go back to his 2006, 2007 interviews or to 2009 when he was advocating more debts, they would soon understand that to go to him for his opinions is, at the best, a waste of time and that to follow him is crazy. Just ask his clients how much they lose in 2008.

  2. emil

    August 11, 2011 at 12:06 pm

    How can anyone listen to Mister Fisher when he missed biggest bubble in history of the world!?

  3. gm

    December 21, 2011 at 2:15 pm

    He didnt miss a bubble. No one can predict bears or bulls perfectly.
    He uses math and historical results and probability. He looks at things differently and does not just accept the general beliefs. He actually looks at results and debunks myths. He shows how after every balanced budget, the market has gone down. His record is good. Check the guru site. He is always up top. SO you need to compare to other market gurus before you make statements. Do some research. http://www.cxoadvisory.com/gurus/

  4. gm

    December 21, 2011 at 2:18 pm

    He called 2011 correctly! jeesh. He said it would be a little up or a little down and it would be a stock pickers year and be frustrating for most people. What did others say??

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