-The fiscal cliff is not a cliff, it is a steep hill.
-He thinks the world is not coming to an end, the fiscal cliff impact will not be right away, and that it will take years to impact the economy.
-It will be a better deal if decision isreached in February, which will put us on a sustained fiscal path rather than a deal which will be half-baked just to beat the deadline.
-He suggested buying beaten-down stocks feared to be impacted by the fiscal cliff.
-He likes Lockheed Martin (LMT), General Dynamics (GD), Express Scripts (ESRX), Kinder Morgan (KMP)
Credit and Source: Bloomberg
Here is the video:
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