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Market Can Go Sideways, But Katsenelson Likes L-3 Communications and Medtronics

December 06, 2010 | About:
Vitaliy Katsenelson, Investment Management Associates chief investment officer talked to CNBC about strategies to profit in sideways markets.

Katsenelson published a book called The Little Book of Sideways Markets: How to Make Money in Markets that Go Nowhere (Little Books. Big Profits).

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:

guruek
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/

Visit guruek's Website


Rating: 4.0/5 (3 votes)

Comments

halis
Halis - 3 years ago
I do like Medtronic, but only if you have other exposure in medical related devices in your portfolio. What I don't like is that this man is claiming that he can predict what the market is going to do, for the next 10 years. Perhaps he could kick things off by telling us all what it's going to do tomorrow, so we can all get rich.

My first instinct is to ask how this man is making this prediction, but I find myself terribly uninterested in the answer to that question. I think the best question to ask in this situation is why is this man making this prediction and I think it is to sell books.
Sivaram
Sivaram - 3 years ago


HALIS: "I think the best question to ask in this situation is why is this man making this prediction..."

Well, what if he is a macro-oriented investor? Such investors make predictions all the time and for such strategists, it is more important to be in the right asset class than pick the right security. I'm not necessarily saying Vitaliy Katsenelson is like that but don't assume everyone making predictions is trying to sell a book or whatever...
halis
Halis - 3 years ago
Yeah you know normally I might not make that assumption if his book wasn't titled "The Little Book of Sideways Markets" and he is telling everyone that his thesis as that the market is going to be flat over the next 10 years....

I don't know how it gets any clearer than that. If he's your friend or something just make something up or attack me personally. Should muddle the issue enough.

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