Where to Invest When 'Blood Is in the Streets': Mike Holland
Markets fell for a third straight session on Thursday amid worries about the European debt crisis. Where should investors look to put their money? Mike Holland, chairman of Holland & Company, and Sarat Sethi, partner and portfolio manager at Douglas C. Lane, shared their insights.
“Greece is a microcosm,” Sethi told CNBC.
“If the capital markets decide to shut down, it can affect us in the U.S. and around the world.”
Sethi added that slow growth in Europe is going to discount the strong global earnings results and cause a market pullback.
“I think we’re going to get through this and work things out in the next six months to a year, but the next six months are definitely going to be rocky,” he said.
In the meantime, Holland said investors should look into Taiwan.
“I like Taiwan because of its continuing improvement with China and the mainland—and not only the political, but the economic ties are growing,” he explained. “And I think the growth out of there will surprise to the upside over the next several years and the valuations are very attractive high yields.”
“That’s where I’d go when the blood is in the streets.”
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No immediate information was available for Holland or Sethi.