Be it large-, medium- or small-cap, value or growth, there are buying opportunities galore in the stock market, according to veteran Lord Abbett value manager Robert Fetch. I am seeing valuations I havent seen in decades, across the capitalization spectrum, Fetch told Barrons.
As to when the market will finally bottom out, Fetch doesnt believe this is possible for another yeareven possibly not until mid 2010. But even now, he sees valuations that are attractive and that he is comfortable buying. Quoting Warren Buffett, Fetch quips: Be fearful when people are greedy, and greedy when people are fearful.