Ken Fisher, head of Fisher Investments and son of the legendary Phil Fisher spoke to Tom Keene of Bloomberg today.
Fisher’s comments
- Bullish on Chinese companies.
- Thinks the government cycle is going to be very important to the economy; the government transition is upcoming and Fisher believes they will ignite the economy to make for a happy transition.
- He likes China Life (LFC, Financial) which has a 40% market share, trades at 15 time earnings, China Telecom, China Yuchai (CYD, Financial), Yanzhou Coal Mining (YZC, Financial), Petrochina (PTR, Financial), Huaneng Power (HNP, Financial) and Aluminum Corporation of China (ACH, Financial).
- Thinks American investors are still shell shocked from the 2008 crash.
- Likens the current state of the market to the early '90s coming out of the S&L crisis, a recession and the 1987 market crash.
Here is the link to the audio interview:
http://media.bloomberg.com/bb/avfile/News/Surveillance/v3a1F.RquF5w.mp3
Fisher’s comments
- Bullish on Chinese companies.
- Thinks the government cycle is going to be very important to the economy; the government transition is upcoming and Fisher believes they will ignite the economy to make for a happy transition.
- He likes China Life (LFC, Financial) which has a 40% market share, trades at 15 time earnings, China Telecom, China Yuchai (CYD, Financial), Yanzhou Coal Mining (YZC, Financial), Petrochina (PTR, Financial), Huaneng Power (HNP, Financial) and Aluminum Corporation of China (ACH, Financial).
- Thinks American investors are still shell shocked from the 2008 crash.
- Likens the current state of the market to the early '90s coming out of the S&L crisis, a recession and the 1987 market crash.
Here is the link to the audio interview:
http://media.bloomberg.com/bb/avfile/News/Surveillance/v3a1F.RquF5w.mp3
