Scott Black: Markets Poised to Jump in 2011 (SNX, ACM)

Delphi Management President, Scott Black, was just interviewed on Fox Business Network, where he gave his last interview before going quiet ahead of the Barron's Roundtable. Mr. Black said that he believe the S&P 500, as a whole, is rather cheap here, noting that he sees the economy growing at 3.5% on a real GDP basis with corporate profits up by 8% year over year. Mr. Black was quick to point out that public debt is “much too high,” running at 94% of nominal GDP, which is the highest level since World War II. He noted that young Americans should defiantly be in the market, with over 50% of their portfolios in stocks. He likes oil names as well, as a way to play high oil prices. His “oddball” picks for 2011 were California based names: Synnex Corp. SNX and AECOM Technology ACM.