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Manish Jain, the Fixed Income Portfolio manager for Zacks Investment Management, discussed how the recent stock market has behaved relative to the Zacks forecasting model. Stocks with high Beta's i.e. the bottom stocks in the Russell 3000, gained the most in 2009, which was contrary to the Zack's model. However, during the past 3 months, value stocks have gained the most which has helped Zack's performance. His belief is that value investing will continue to drive the market. |
Manish Jain, Zacks Investment Management |