Skip navigation
Watchlist Sponsored By :

Current DateTime: 01:13:28 12 Oct 2008
LinksList Documentid: 24355697

Current DateTime: 01:13:28 12 Oct 2008
LinksList Documentid: 24890560
  • Risk & You

      It's a risky world out there. Whether it's investment or retirement, career or home you can take steps to lower your risk profile.

  • Wall Street In Crisis

      With shock after shock to the world's financial system, the credit crunch continues to drive a major reconfiguration of the Wall Street landscape.

  • Protecting Your Portfolio

      Credit Crunch. Recession. Bear Market. There's a triple threat out there for investors. Here's a guide to managing your money.

By CNBC.com | 17 Apr 2008 | 03:50 PM ET
Text Size

Picks and Pans

Want to position your portfolio for the recovery? Then fly in the face of the crowd calling for big-cap equities.

So says William Greiner, chief investment officer of UMB Asset Management. He told CNBC he believes the U.S. is already in a recession -- and says the best thing to do is buy small-cap stocks.

"When you look back over the last 10 recessionary environments, what tends to lead back on the upside is small-cap equities," Greiner said.

The CIO goes against the tide of those recommending financial giants like JPMorgan [JPM  Loading...      ()   ] and Bank of New York [BK  Loading...      ()   ]. "Taken one by one," there are better buys to be had in local/regional banks, he says.

Recommendations:

Commenting on an earlier CNBC interview with First Niagara Bank [FNFG  Loading...      ()   ] CEO John Koelmel, Greiner says that that consumer-banking company is one worth considering -- though he cautions that "quality is always the key."

Small-cap banks that compete with First Niagara include KeyCorp [KEY  Loading...      ()   ] and M&T Bank [MTB  Loading...      ()   ].

Disclosures:

Disclosure information for Greiner was not available.

Disclaimer

© 2008 CNBC.com

HOME  |  NEWS  |  MARKETS  |  EARNINGS  |  INVESTING  |  VIDEO  |  CNBC TV  |  CNBC PLUS  |  CNBC MOBILE  |  CNBC HD+
About CNBC   |   Site Map   |   Privacy Policy   |   Terms of Service   |   Advertise   |   Help   |   Feedback   |   Video Reprints
  Data is a real-time snapshot   *Data is delayed at least 15 minutes

Global Business and Financial News, Stock Quotes, and Market Data and Analysis