Louis Navallier in an interview with Chris Waltzek:

1. May 6 was definitely an abuse of the market by someone. The biggest, safest stocks were hit – the Russell 1000.  P&G is demanding an answer from the SEC for the plunge in its price.

2. Don’t ever place a market order on an ETF, because you can be picked off by specialists. Always place a limit order.

3.  ETF’s are getting better by the day, but they are not there yet. The problems with them are the unethical traders and managers, not the concept.

4. Hard to beat the market on the upside with an ETF. Can beat it on the downside and in choppy markets.

5. There are efficient parts of the market and there are inefficient parts, so he prefers active to passive (index funds) management.

6. The main thing people should know is that there was some inflation brewing in oil and other areas earlier this year, but now commodity prices have collapsed and inflation is off the table. That means we will be in a low interest environment for a long time, which is bullish for stocks.

7.  A return of weakness to the dollar will signal a return to equities. The dollar will probably be strong until next year.

8. The euro is at a 4 year low, because the ECB went from hawks to doves on quantitative easing, with no warning.

9. The market is going to become narrow and selective. Buy quality. Stock watching is paramount. He looks at fundamentals and relies on numbers. We are in a strong earnings environment now.

10. We can attract capital and talent, so though we look similar to Greece, as long as we have open borders, we will be able to grow our way out of this mess. If we get protectionist, we won’t.