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He last appeared on our network in early August.
This market strategist suggested investors go at least 50% in cash and take risky assets out of their portfolio.
Now we could say talk about sound advice following his appearance here on Fox Business Network the S&P.
Dropped 8% before seeing a small recovery in the past two weeks.
Marc Lampkin CEO and market strategist relent and wealth management -- -- with what he's recommending now are right.
Mark we get bigger victory laps about sparking -- -- went what are you doing what -- joining what are you long at this point.
-- all right we're we're just now starting to dip back into the water so we're actively adding in the portfolios right now a couple sectors that may be a little bit unconventional.
After a tough August and September.
I like high yield bonds right here.
KLA and these things are selling 1992 cents on the dollar.
I think gotten get a 68%.
-- appreciation play and I'm getting paid five to 7% while way.
But corporate -- corporate balance sheets are strong so I think defaults are gonna stay low here mark I gotta ask you know anything it's that the symbol for which is junk.
You gotta wonder whether whether it's a -- and you're saying though there was so much panic.
There are about whether or not there was any kind of future all in this market that the panic was worked -- that the price and it became cheap is it still cheap.
You know I think one man's junk another man's treasure you've heard it for years I think it is cheap here and I think it was more of a supply and demand.
Imbalance not interest rate fears or even as much recession fears as a technical imbalance and that -- opportunity for investors.
And I think this is a short term great play for your viewers right now.
What else what do you see in that crystal ball appears that helped guide you to pretty decent gains and a great call the last time around.
Well there's not say there's been a huge Tug -- war going on between court record corporate earnings.
And a bad macroeconomic backdrop in last time I was I was afraid of this European contagion and also this US super committee -- when you looked at that expect -- --