Buck Newsome - Business Courier of Cincinnati:

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“This looks like a real bottom,” said of “There’s a lot of cash on the and things have gottenso oversold.” He pointef out that as of midday May 4, stockws had rallied 34 percent off of the He is confident the worst is over. “We’r e going to get brief pullbacks,” he said. “Bu t the foundation is in place.” In fact, Cambridgew has never seen conditions so ripe for stocks to It uses 10 indicators to tell it whethed to be in the marke tor not. Of those which include momentum, market breadth, valuationn and monetary indicators – nine are positive.
“Ij the last 15 years, that’s the most positive it’sx ever been,” Newsome said. Cambridged remains fully invested in the as it has throughthe downturn. Much of a bull market’ rally happens in the first said Newsome, who joined chairman Greg Bauerr at Cambridge in 1991 and has worked in the businessx for25 years. “The folks on the sidelinesz probably already missed a good chunkof it,” Newsomwe said. “The only opportunity you have to get back to even is to stay in thestoc market.” Cambridge owns 30 large stocks for its core It picks 20 based on price momentum characteristics and 10 based on valuation traits.
(AMZN) has been one of its top performerx in themomentum category. It has jumpex 56 percent this year througghMay 4. Tech, telecom and drug stockse are also showing up onthe list. Verizon (VZ) and (GILD) are among its recentr buys. The value list includesa (IBM) and (CAH), both of which Newsome selectex for theBusiness Courier’s stock-picking contest.