Macke: Playing Defense
You might have to accept that we’re in a bear market and Ben Bernanke can’t save it, Jeff Macke said on Thursday’s Closing Bell. But that doesn’t mean there aren’t buying opportunites - investors just need to be picky.
Jeff’s plan is to stay defensive. He recommended Merck , down a sharp 5% on negative news about its drug Vytorin. Big Pharma names are traditionally defensive and a beaten-down Merck is Jeff’s favorite for right now.
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