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Author Lee Munson: Go Long on Stocks or Go Wrong

By Michelle Smith   |   Thursday, 16 Feb 2012 08:33 AM

Go long on U.S. stocks or go wrong this year, says Lee Munson, chief investment officer of Portfolio LLC and author of “Rigged Money: Beating Wall Street at Its Own Game.”

For many investors the primary concern at the moment is safety. Many are piling into defensive stocks and have become preoccupied with finding dividend payers. These are strategies Munson advises investors to abandon.

Munson predicted to Yahoo Breakout that the second half of the year is going to be great. He added that the hardest thing for investors is to ignore the macroeconomic data that are a spilloff from last year.

A primary example is what appears to be an obsession with developments in Greece.

Former Treasury Secretary Henry Paulson told CNBC that the issues in Europe will take years to resolve.

But, that shouldn't really be of too much concern for investors in America right now, who have what Munson described on Breakout as insulation provided by an autonomous reserve currency.

It's not that we don't have a long-term problem with deficits, Munson said.

In the U.S., for the next 12 months we will be "insulated” from what is happening in Europe, Munson claims.

“So you can worry about all the things that could happen a couple years from now or you can make money this year and be happy,” he told Breakout.

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