With the markets climbing to new highs, some investors are wondering when stocks will ever pullback and if so, how bad will the fall be? Ken Moraif is a senior advisor at Money Matters, an investment firm with nearly $2.5 billion in assets under management and the author of a new big ‘Buy, Hold and Sell!.’ Moriaf says current market conditions warrant caution, ‘recessions and the concomitant bear markets always come when things look their best. The top is always characterized by overconfidence driven by all the good news.’ The consumer sector is a play Moriaf favors and suggests investors follow where the consumer spends.
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