In the video below, John Buckingham of Al Frank Asset Management — who last week explained why history shows now might be a good time to buy value stocks — offers his take on what he’s looking for from the economy, and says that it’s a “great time” for long-term investors to be buying equities.

A couple of Buckingham’s points: He says home prices don’t need to rise much to justify buying stocks, and says that, while it’s a great time for investors with three- to five-year horizons to be buying stocks, we’re overdue for a pullback in the shorter term.

[youtube=http://www.youtube.com/watch?v=bZBqRCYNsC4&hl=en&fs=1&]