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Capitalistpig Hedge Fund Manager Jonathan Hoenig on the opportunities for investors in the current market environment.
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-- meanwhile stocks ending the week at a new five year high but are investors regular investors people like you and me.
Missing out on the bull market.
The -- -- has risen impressively over the past few years since March 2009 but my next guest says.
It hasn't gotten a lot of respect more investor dollars here to explain Jonathan Hoenig.
Manager for the capitalist -- hedge fund Kevin thanks for coming -- you know -- finally.
On the street right now and spoke to five or six people they tell me that the stock market was in the dumps.
But yeah.
I mean it's amazing -- and -- given that given the last couple of years.
You'd expect that there's been a tremendous spate of bad news Gary as you know we've covered -- all here on Fox Business even more recently all the her wringing over the fiscal cliff.
Has made a lot of investors quite simply scared of -- right and -- not just what they.
Said that's -- what they've done investors actually been taking money out of stocks for the better part of the last seven years currently that's not a good idea right now.
Well it's dangerous -- especially since acts as an asset class are so strong JPMorgan.
Citigroup.
EBay 3 AM Kellogg all these big cat names.
At new 52 week highs this week that the bullish sign but still a lot of investors are kind of once burned twice shy mentality in they've been buying bonds -- I -- your big cap that financial pics here but.
Oh wait I mean this this stock has gotten hammered on this news are gonna fix this problem will be back when you buy Boeing now that it's down.
I think that's the reason for my -- -- why you don't buy it I mean how we fit stock -- like sushi yet you don't want to bargain.
And that would and it kind of so many are actually strong -- Transports at 52 week highs -- all time highs he mid caps that highs you don't wanna by the laggards so Boeing apple the weaker stocks that no.
And -- -- not gonna buy apple.
Well listen if if any of our viewers only large cap mutual fund -- own apple have -- seeing much better opportunities not and he's well known names and again I think the biggest risk right now.
Is in bonds -- -- interest rates at today's investors have never seen interest rates rise but they're poised to do just that and I think that's going to be the big story 23 -- So you've got a couple of big -- big cap financials and -- JPMorgan Goldman Sachs -- -- like them now it has some.
Really great earnings but can -- continue.
-- well I think in a big banks as at this sector are extremely strong and you know.
Just like -- life just like the season's -- each tens of trends tend to persist in the marketplace a lot of people look at.
A -- like JPMorgan are got a stock like eBay or three Yemeni say it's so high I can't buy it now in fact that's the best indicated -- that trend will persist.
It's a little -- -- -- critical yeah about apple not too long ago the my friend now how do you make the distinction.
Apple how do you make a decision I think you do it in terms of your technique Jerry were most people strangle themselves in the market isn't.
Is that they pick a bad stock but they make investment and all -- -- decision so look I'm bullish on stocks I don't think on Tuesday morning you go in and and gold -- by everything I think you have to have a strategic approach but as an asset class right now you can't and I that stocks are strong -- -- Investors should be.
Where it I think even after he -- another eBay another one analyst or even and other analysts think.
These are names not only that everyone knows -- Poland's.
But that they really have actually avoided I think.
And that's -- gets a heartbreaking is that investors haven't scared.
I think they look at what's going on and a Washington they feel that there's been systemic risk and they said.
I can't take a risk in stocks will affect.
That's exactly what's in the best performing asset class and I think that's -- they -- the only way it profit my friend is to take a little bitterest Jonathan thanks for pentagon today.
Thanks for take -- brilliant start it with us we appreciate it -- weekend.
