5 Things These Financial Experts Said In Detroit Yesterday

Tim Seymour, Bill Miller, Stephanie Link and Bob Doll all spoke at the Engage conference in Detroit. Follow @Benzinga on Twitter to get more live updates from the conference today. 

Yesterday in Detroit, four of the savviest investors on Wall Street laid out some solid pieces of wisdom for how to navigate the current market, including where to have exposure, what's going on in Europe and how the story with oil will play out.

In case you missed Benzinga's live coverage of the converence, here are some of the key points they made:

When asked for a general market outlook, Nuveen Asset Management Chief Equity Strategist Bob Nuveen said that he thinks the bull market isn't over yet.

Bill Miller, Chairman and CIO of LMM, noted that main street will probably do better this year than Wall Street.

When the conversation shifted to exposure to Europe, Link continued by saying there are incremental positive changes in data points for the eurozone like lower Euro and lower oil prices.

"You have a good chance of seeing margin recovery and operating leverage next year," Link said.

While Miller said that there is short-term momentum in Europe, Doll feels that it has a lot of structural problems that need to be addressed.

Miller emphasized that when it comes to oil prices, people overemphasize the predictive value of the rig count. Doll mentioned issues with supply and demand, saying that the U.S. is going to produce more oil this year than last year.

"Every time I turn around, there's a little less demand for oil coming from somewhere. China especially," Doll said, adding that somebody is going to have to take some supply off the market for oil prices to firm.

Triogem Asset Management Founder Tim Seymour, who was moderating the presentation, thinks that commodity prices are going through a long and painful bottoming prices. 

The panelists stayed away from using the world "bubble" during the presentation, but they did discuss biotechnology.

"The biotech sector has been on fire," Link said, but warned against overvalued smaller companies. Miller mentioned that his fund owns shares of Gilead Sciences.

Finally, the Doll emphasized buybacks as something to watch for this year. Miller chipped in about Apple doing buybacks.