Kenneth Fisher Recommends Stocks as Pessimism Surges
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Rising levels of investor pessimism are a reason to buy equities now, billionaire Kenneth Fisher said today.
The chief executive officer of Fisher Investments Inc. favors commodity producers after the Standard & Poor’s 500 Index dropped 5.1 percent over the last two weeks, according to an interview on Bloomberg Radio. An American Association of Individual Investors report showed yesterday that expectations U.S. equities will fall over the next six months rose 12.4 percentage points to a one-month high of 42.5 percent.