Sethi advised investors to stick with the necessities, such as consumer discretionary stocks, and to focus on what consumers are going to use—not only in the U.S. but also internationally.
“You’ve got some stabilization occurring,” he said. “If you focus on certain sectors like the staples, the life sciences and even technology—there are opportunities. Although there will be volatility, there’s going to be money made over the next 2 to 3 years.”
But Tice said he is still bearish and maintains shorting stocks is the only way to go.
“The financial system is functioning only through the good grace of government intervention,” said Tice. “The economy is doing slightly better, however the market discounts that and we don’t think these green shoots are going to turn into trees.”
He advised investors to look into commodities and commodity stocks.
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No immediate information was available for Sethi or Tice.