Tags: munson | go | long | us | stocks

Author Lee Munson: Go Long on Stocks or Go Wrong

Thursday, 16 Feb 2012 08:33 AM

By Michelle Smith

  Comment  |
   Contact  |
  Print   |
    A   A  
  Copy Shortlink
Go long on U.S. stocks or go wrong this year, says Lee Munson, chief investment officer of Portfolio LLC and author of “Rigged Money: Beating Wall Street at Its Own Game.”

For many investors the primary concern at the moment is safety. Many are piling into defensive stocks and have become preoccupied with finding dividend payers. These are strategies Munson advises investors to abandon.

Munson predicted to Yahoo Breakout that the second half of the year is going to be great. He added that the hardest thing for investors is to ignore the macroeconomic data that are a spilloff from last year.

A primary example is what appears to be an obsession with developments in Greece.

Former Treasury Secretary Henry Paulson told CNBC that the issues in Europe will take years to resolve.

But, that shouldn't really be of too much concern for investors in America right now, who have what Munson described on Breakout as insulation provided by an autonomous reserve currency.

It's not that we don't have a long-term problem with deficits, Munson said.

In the U.S., for the next 12 months we will be "insulated” from what is happening in Europe, Munson claims.

“So you can worry about all the things that could happen a couple years from now or you can make money this year and be happy,” he told Breakout.

© 2014 Moneynews. All rights reserved.

  Comment  |
   Contact  |
  Print   |
  Copy Shortlink
Around the Web

Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Country
Zip Code:
Privacy: We never share your email.
 

You May Also Like
Around the Web

Most Commented

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved