Ken Fisher says that, over the long term, stocks are a safer bet than bonds — if you have a time horizon of three years or longer. “If we think of next month, the likelihood is stocks are riskier than bonds are. If we think of 10 years, stocks are almost always less risky than bonds — lower volatility,” Fisher tells Bloomberg. Fisher also says sentiment conditions are leading him toward U.S. equities and away from emerging markets in the short term. And he talks about why he doesn’t like the Dow Jones Industrial Average as a stock index, why he thinks stop-losses are a very bad idea for investors, and how to know when to sell a stock.