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Who's left to buy? Hugh Hendry turns bullish

Nov. 22, 2013 1:08 PM ETILCB, VV, PRF, EEH, EQL, SCHX, FWDD, FSE, FSU, EQWL, ALTL-OLD, TRSK, SPXHBy: Stephen Alpher, SA News Editor4 Comments
  • "I cannot look at myself in the mirror," says Hendry at an investor conference. "Everything I have believed in I have had to reject. This environment only makes sense through the prism of trends."
  • "I have been prepared to underperform for the fun of being proved right when markets crash. But that could be in three-and-a-half-years' time."
  • Fully aware he may be ringing a bell as the last bear to throw in the towel, he tells the audience it would be well within its rights to sell. But for now: "Crashing is the least of my concerns. I can deal with that, but I cannot risk my reputation because we are in this virtuous loop where the market is trending."
  • ETFs of note: PRF, VV, SCHX, JKD, EQL, EEH, SPXH, TRSK, FSE, PXLC, FSU, FWDD, ALTL

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