He is of the opinion that the stock market will go sideways for the next decade, extending its historical pattern of a short bull market followed by a long sideways market that on average lasts for 17 years.
In addition, he mentioned he likes L-3 Communications (LLL) and Medtronics (MDT).
Katsenelson is a long time columnist for GuruFocus, you can read his articles here.
About the author:
Mr. Hui has been involved in the equity markets since 1980, both on the buy side and the sell side. He is currently semi-retired and living in Vancouver, Canada with his family. He maintains his interests in the markets and advises hedge funds and other clients as a consultant. He is a CFA Charterholder. Check out his investment blog at http://humblestudentofthemarkets.blogspot.com/
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