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Ken Heebner Discusses Stock Market and Attractive Areas for Investment

January 17, 2013 | About:
Dheeraj Grover

Dheeraj Grover

18 followers
Well-known investor and hedge fund manager Kenneth Heebner of Capital Growth management was on CNBC to discuss his views on the overall market and factors that will drive the market going forward.

-- Housing is coming back and that is driving consumer confidence.

-- Consumer confidence and resulting spending will drive the markets up.

-- Improvement in housing and consumer confidence together will also mean that the Fed will be less accomodating and will be raising rates.

-- Both short-term and long-term interest rates will go up.

-- So sectors which will benefit from higher rates will be good places to invest.

-- Sectors like financials had a good run up but are still cheap and will benefit from rate increases.

-- Another attractive area for investment: automobiles. Consumer confidence and higher average automobile age will continue to drive auto sales forward.

Here is the video:







About the author:

Dheeraj Grover
I am an individual investor with deep interest in the field of value investing. My ideas and thinking is inspired by highly respected value investors like Ben Graham, Warren Buffett, Walter Schloss, Bill Ruane and Tweedy Browne

Rating: 3.5/5 (2 votes)

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