Fox Business
Expand
Browse All Video
Watch Live

You're watching...

Stocks to Double After Mild Pullback?

Details

  • Description

    Lamoureux and Co. President Yves Lamoureux on the opportunities for investors in 2013.

  • Duration 3:15
  • Date

Clips

Also in this playlist...

Latest Video

Auto-advance: ON

Auto-advance
View All

Transcript

This transcript is automatically generated

He correctly called the bottom of the stock market in fact in certain cases it was the true bottom 2008.

November and if you listen to him that.

Your investments would have -- now he's here with another call.

Better listen up joining me that you love uplift his level and company president and Galvin knew from Quebec good to see you.

Nice to be back at you worst year in November of 2008 and you sit and watch out what we already have the bubble burst in the housing market.

The stock market as it first you should get in there aren't buying and all we have to do is look at that chart from back -- -- you to see is straight gun shop.

You know I've been I was sitting down -- money managers and then professionals and finance and they.

Stared at me when I said you know this is -- you should be buying it.

We've got a -- have a lifetime and people were like just staring and not understanding that the market is really discounting mechanism that's what -- -- well now what's your call we've brought alien because you say there's a second by polite about this time so well the interesting thing is I think I'm able to call the second viable lifetime because like called the very first by have a lifetime.

And and that's -- hard act to follow but I do believe that now stops will offer -- 2013.

Somewhere.

In the next couple of months maybe a mild pullback in this will be the second by have a lifetime I am expecting stocks.

To actually doubled.

Again.

OK so wait for the bottom of the a little bit of a selloff and then go win but where you have to baskets of stocks I want everybody to listen 'cause we're gonna put them up on the screen.

The first one being ticker symbol CE AF and that is of course a basket.

Of Chinese stocks down most people make the mistake of buying Hong Kong stock actually I give you this idea because you're actually buying -- Chinese stocks from the Shanghai market.

And you also have access to some stocks that you would not be able to.

And I think the Chinese stories a fantastic story and the nation's top holdings for example are on the screen and nodded and then again people that follow my work noted in 2007.

I did called the Chinese market.

To craft -- big crash 60%.

And that's is public stuff if you global might work.

And it's it's the first time for -- last couple of weeks of up actually turned bullish on the Chinese market.

Now since 2007 they just got for example the China GDP for 2012 came in about much point 9% much better next ten basis points better than -- exactly exactly next kick his ass PY and that's in essence the -- for the S&P five -- yes -- basket of the yeah.

Still over the years people I think have been -- that they have the knowledge to pick stocks.

And I can.

Really disagree with this my view of the coming market and -- the market's gonna be doubling I think didn't.

Leadership is going to be very narrow and people have to listen again to the what I'm trying to say the leadership is going to be -- people cannot.

Kick themselves.

-- winners and I think they'll be extremely difficult to do doubt the best answer is to -- the basket.

And you will be sure at least to make as much as what boast -- market as to what.

If not -- -- -- and company it's good to see you thank you case the -- don't great to see if he's getting back to Quebec but please come again thank you thank you very much.

Load More