“Legg Mason CIO Bill Miller says now is the time to snap up healthcare and tech stocks.
“We believe now is a good time to buy what’s on sale, and a bad time to buy what’s been marked up, just as it was in 2000,” Miller writes in the Financial Times.
“Where is the value in the market today? In the assets people do not want, that have no momentum, and that are cheap.”
Three broad sectors and two broad themes stand out, says Miller. The S&P 500 sectors are financials, technology and healthcare, which are in the bottom decile of their historical valuation ranges. ”
If you enjoy the content at iBankCoin, please follow us on Twitter
Indeud, not links to the CME