Hugh Johnson of Johnson Illington Advisors told CNBC that it's time to start buying stocks again.
He pointed to what he calls a key indicator of a market recovery: small caps are now outperforming large caps.
"You can't sit on the sidelines. You've got to be involved" in the markets, Johnson declared.
"Financial markets are sending a very clear signal: 'We've seen the worst, we're starting a bull market and all the right sectors are performing well.'"
And which sectors are the right ones?
"Materials, industrials, cyclicals, technology," said Johnson. "These are bull-market sectors."
Disclosure information was not immediately available for Johnson or his company.
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