5-Star Strategist: Financials Are 'Great'!

Chris Blum says "discipline" is the key to making money in this market.

$60B Market Mind-Reader
$60B Market Mind-Reader   

Blum is the CIO of the Behavioral Finance Team at JPMorgan Asset Management, and his decisions shape the actions of a vast range of Morgan funds -- including the Intrepid Value Fund, rated five stars by Morningstar.

"As human beings, we're emotional -- particularly when it comes to decision-making in the market," Blum told CNBC.

"But if you can discipline yourself, you can make a lot of money."

Recommendations:

The CIO recommended holding off from commodities just now, expecting more downward pressure into the near future.

But, he says, "there's a great deal of opportunity in financials."

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Financials in the News:

- Lehman Bros.
(Story: Lehman Selling Assets!)

- Wachovia
(Story: Wachovia to Buy Back Auction-Rate Debt)

Financial ETFs:

- HOLDRs Regional Bank

- KBW Bank ETF

- PowerShares Dynamic Banking

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Disclosures:

Disclosure information was not available for Blum or his fund.

Disclaimer