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Royce & Associates Portfolio Manager Bill Hench on why this may be a good time for investors to get more aggressive in buying up stocks.
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-- are so with the Dow and S&P down six straight weeks need we remind you more than a few investors.
Out -- he's got to probably feeling the jitters but my next guest says.
Do not worry as the market becomes more and more volatile his investing strategy actually gets more aggressive -- hatches a portfolio manager arsonists -- Two billion dollars.
-- assets that are moving in the funds and sell -- all just ask you right away.
You heard Ben Willis talk about how the technical guys are looking at certain levels right now thinking.
This is gonna go down much further I wanna come in and buy and that it's in part -- earlier we saw rally which we seem to be losing a little bit -- -- become more aggressive.
Right -- is this strategy was as one episode.
Founded by buzzing you know and one of the things that he does best and one of -- things that he teaches us to do was really.
Make your money when it's ugly make your money when the merchandise is for sale with small caps you know we we say internally that there's really no price that's too low.
So while the charts and looking at the technicals are very important.
The bottom line is when you get into what we markets like this you're faced with situations where no crisis -- And -- -- the slowly work your way to positions and as things get better we slowly work our way out.
Futures says small -- so we're not talking about the big names with a gigantic global footprint to -- talking about the small guys.
That -- putting their profits that they get back into growing the company exactly OK but the Russell 2000 which encompasses a lot of this already up 20% -- -- -- which is better than the S&P 500 is even done.
But up a 127%.
Since the bear market low which was march ninth of 2000 where a lot of people doing that -- nine so there's that low.
And people summer sank -- come on the show that's done.
Small -- small caps have had a good enough from right.
I joined -- & Associates nine and a half years ago and they've been.
But -- that same message fact of the matter is it's a tremendous market thousands of stocks many many places to look there'll always sectors or parts of India.
Market that a very cheap.
Constantly role if you will things falling into -- and out of favor so while the index may be -- -- a nice year.
Increase actually unit data -- think we went negative on Friday but there'll always places to me.
This is a -- people who likes this kind of trading atmosphere he gets excited and he wants to buy at this point what would you avoid we'll start with that.
We've been lightening up a little bit and some industrial names -- because we've had such a wonderful cycle there's been this huge.
Build up globally and infrastructure because as you guys here last week right where you're standing sent by the industrials materials because Japan going to reignite -- -- have to sell those -- the somebody so a but what's really happened in the -- couple years is that.
If the growth stocks which -- to be the tech stocks have now become.
Value stocks and a values such -- -- -- industrial stocks and outlook -- -- growth stocks so we've had good fortune and in that and that part of the yen market.
We're taking profits -- and reply and doing a lot of.
And where is he re applying -- here's the respond over five year.
