Morgan Stanley's Jim Lacamp: We're in a bifurcated economy
Morgan Stanley's Jim Lacamp says investors will need to start thinking more three dimensionally moving forward. Some sectors like industrials are doing better than financials, prompting investors to be more selective about active management of their portfolios. He joins 'Closing Bell' to discuss. He tells clients to avoid stocks that are news driven. We're in a little bit of a sell-off, says Lacamp, but at least it removes some of the profit-takers.