We're in a malaise right now,said Tobias Levkovich,Chief U.S. Equity Strategist at Citigroup.I think that turns in the next 12-18 months.The children of the baby boomers start to save for retirement next year.It's bigger.People are using the U.S. equity market as a safe haven.
The mood on Wall Street is pretty miserable.There's worry about layoffs and compensation.Is this the place for their future?
You've got to do more and more stocks.I think good times will be here 5-10 years out.Telecom has good dividend yields and supplies much-needed mobile services.It will get its pricing power back,Mr.Levkovich predicted.
Christian Thwaites of Sentinel Investments,who was a Baker Scholar at Harvard Business School,likes Toronto Dominion Bank.It's fantastically strong,with a strong deposit franchise in the Northeast and nothing to do with Europe,Mr.Thwaites observed.
Toronto Dominion Bank(TD),iShares Dow Jones U.S. Telecommunications Sector Index Fund(IYZ),iShares S&P Global Telecommunications Sector Index Fund(IXP)
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