- S&P to Hit 1,200 by Year-End: Chief Investor
- 5 Big Bank Stocks Investors Should Consider: Strategists
- My 2010 Home Price Outlook: UBS Analyst
- Why Are Options Piling into Dollar Tree?
- Markets Can Rise 5-10% in the Near-Term: Strategist
- Buy These 'Competitively Positioned' Stocks: Portfolio Manager
- 5 Stocks That Benefit from Health Care Legislation: Analysts
- 9 Stocks That Play Rising Water Costs: Strategists
- Gold Prices Can Double in 3 Years: Portfolio Manager
- Rally Could 'Have Some Legs in 2010': Market Strategist
MOST SHARED
- The 'Real' Jobless Rate: 17.5% Of Workers Are Unemployed
- GM's Agreement to Sell Saab To Swedish Firm Falls Apart
- CNBC Anchor Takes a Sabbatical
- Buyers Look For Bargains At Luxury Condo Auction
- Privately Held Facebook Creates Dual-Class Stock
- NBA D-League On The Rise
- FDIC Fund Falls into The Red, Bair Urges Lending
- On Twitter, Beware False Prophets
- 10 Holiday Cocktail Recipes from Top Mixologists
- Just In Time for Holidays: More Gloom and Doom on Economy
- S&P to Hit 1,200 by Year-End: Chief Investor
- Amended Berkshire Hathaway Filing Indicates No Secret Stock Stakes at End of Q3
- Facebook's Biggest-Ever Holiday Shopping Season
- Facebook's New Dual Class Structure - Slow Steps to an IPO
- 5 Big Bank Stocks Investors Should Consider: Strategists
- Gambling Drunk, Texting to Live And America's On Sale - Your Emails
- Nov. 24: Unusual Volume Leaders
- NBA D-League On The Rise
- 3D's Tipping Point and Your Living Room
- Fed Sanguine About US Recovery, Worried on Jobs
- Amended Berkshire Filing Reveals No 'Secret' Holdings
- In Time for Holidays: More Gloom and Doom on Economy
- Turkey Day 101: How Well Do You Know Your Bird?
- Privately Held Facebook Creates Dual-Class Stock
- Holiday Guide to This Season's Smartphones
- Six Ways to Boost Your Income in a Big Way
- Gambling Drunk, Eggos on eBay & More: Your Emails
- Buyers Look for Bargains at Luxury Condo Auction
RSS FEED
CNBC Stock Blog
Text Size 
Barry James calls himself "a bear with a bull mask on." The president of James Advantage Funds believes the market has bottomed, and the time is right for investors to get back into the stock market. He also thinks the rally will continue, despite the last couple of days of setbacks.
"In late February and early March, what we saw was a major capitulation, a waterfall decline, 20 percent in less than 20 days," he recalled. "I looked at waterfall declines going back to the 50s, and when they hit their low, and you have capitulation, you typically had a 45 percent rally, and it lasted for months. Not days, or weeks, but months."
James admits there's likely to be "some consolidation along the way."
Recommendations:
"You have to be select in what you buy, but what the Fed has said about the dollar and the devaluation of the dollar is going to be good for exports, so I think the industrials will be able to take advantage of that," he said.
He's even ready to buy cyclicals.
"I prefer things that are recession-resistant when I look at the cyclical area," he said. "Big Lots [BIG
Loading...
()
] would fit more in my camp."
He also likes AmTrust Financial Services [AFSI
Loading...
()
] and FMC [FMC
Loading...
()
].
Disclosures:
Disclosure information for Barry James was not immediately available.
__________________
__________________
Data is a real-time snapshot *Data is delayed at least 15 minutes