What stocks or sector would your sell or avoid right now? Frank: We are avoiding the over-valued dividend payers as investors are searching for yield without regards to valuation. Wal-Mart ( WMT), Verizon ( VZ), and most utilities look quite dangerous at these valuations. What is your outlook for 2013? Frank: We expect more turmoil out of Europe and a continued bumpy ride in the U.S. However, we think the yield and momentum markets could break down and a return to fundamentals will result. Furthermore, QE3 is spurring significant M&A. We have already seen three events in the Frank Value portfolio, and if inflation expectations continue to rise you could see a rush out of cash and into low-valuation equities.
Gregg Greenberg breaks down today's stock market action. Guests include Brian Frank, portfolio manager for the Frank Value Fund, Marek Fuchs, TheStreet.com's Business Press Maven and Scott Colyer, CEO of Advisor's Asset Management.