- Tracked by: Podcast for IBD 100, 3 days ago
Karl Mills, manager of the Counterpoint Select fund, says that investors should recognize that they are in a bit of a pickle, with the credit crisis coming to an end but an economic contraction still squeezing people hard. In a radio interview, Mills noted that the situation has resulted "in a lot of value traps out there, but also some wonderful buying opportunities." Mills said that the market environment of the last few years had easy credit to use as "a performance-enhancing steroid," and that coupled with housing prices on the rise it created "the best of all possible worlds for consumer spending." Now, Mills said, "those tailwinds have become headwinds," making times tougher - but not impossible - for investors.
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