- GM Held Talks With Ford Before Turning to Chrysler
- Markets to Fall 20% More at Most: IMF Economist
- G.M. and Chrysler Explore Merger
- Stock Market Crisis: Nation's Mayors Sound Off
- US Banks Keep Pressure on SEC to Deal With Shorts
- Financial Crisis Has Inflationary And Deflationary Potential
- What the Pros Say: Swap Jitters, Bottom Searches
- Viacom Warns of Third-Quarter Profit Shortfall
- US Consumers Lose Faith in Fed Due to Crisis
- Bowyer: Mark To Market Still Lives (Unfortunately)
- Mad Mail: Why Not Shut the Market Down?
- Lightning Round OT: AFLAC, Valero and More
- Lightning Round: Chesapeake, Corning, J&J and More
- Cramer: What’s the Worst-Case Scenario?
- Game Plan: The Crash of '87 Scenario
- Cramer’s Double Secret Borrow-Binge Plan
- Your First Move For Monday October 13th
- History In The Making
Text Size 
 |
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.
Print
Email
Del.icio.us
Digg It
Data is a real-time snapshot *Data is delayed at least 15 minutes