Invest Like It's 1995: Strategist

Richard Bernstein, CEO of Richard Bernstein Advisors, says he is the most optimistic he has been since 1995 when it comes to the US stock market.

Sector Spotlight 2011
Sector Spotlight 2011   

“We have very reasonable valuation in the stock market right now,” he explained on CNBC Tuesday. “I think earnings growth is great, and we’ve got monetary and fiscal policy at our back versus some of the emerging markets where monetary and fiscal policy is starting to tighten.”

Bernstein, a former chief investment strategist for Merrill Lynch, expects an increase of 15 to 20 percent this year in both US stocks and earnings. He is especially bullish on US small caps and says consumer discretionary names remain attractive.

“I just think the general consensus after 10 years of nothing in the United States, is that the US stinks and there’s a problem, and I just think people should be more bullish on the United States,” he added.

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Disclosures:

Disclosure information was not available for Richard Bernstein or his company.

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