“The market right now is going through one of these periodic events that happens twice a decade, where something fundamental changes and it changes the whole landscape of the market and its opportunities and risk for years to come,” said Kam.

He says the mortgage meltdown, and its effect on financials in particular, has dragged down other sectors as investors panicked and pulled out of the markets. Since those sectors are now undervalued, he sees them as buying opportunities. Kam’s favorite sectors are healthcare, energy, commodities, and emerging markets.

“I would put pharmaceuticals at the top of the list, particlarly biotech companies that have late-stage drugs,” Kam said.

Keep in mind these are specific managers opinions, both agree though that this is a good time to look for value and buy.

Tags: Marketocracy