Our guest is Donald Coxe. This is Don Coxe in Chicago. Re Index Funds in Europe. I favour European stocks right now, but I recommend against using Index Funds. I think non-tech stocks are better plays.
Tech has to suffer more pain.
What is the secret in knowing when to sell during a positive gain and also recognizing when a stock looks profitable for the long run. My view is that you stick with winners as long as you can provided that their valuation relative to the market continues to look attractive. The worst thing to do is to sell a winner to offset a realized loss on a lousy stock. That is collective guilt, and is bad policy period. Traditionally, the financial sector does well - do you see that sector as one to be even overweighted in.