Investors have been fleeing stocks in a hurry in recent months, and that has top money manager Kenneth Fisher feeling bullish.

“I’m never going to be bearish when people are pessimistic,” Fisher said in an interview on “Bloomberg Surveillance” with Tom Keene. “My bias when pessimism is high is to own equities.”

Fisher is particularly high on commodities producers, Bloomberg reports. “We’re still in this period where redeployment of capital at the business level is very strong, which means we’ll increase utilization of materials very heavily,” Fisher says.