After October's stock market rally , investors are debating whether stocks have hit the bottom or if it's another short-lived bounce.
We're having a little bit of a rally here — I think, again, short lived," he told CNBC's Street Signs Asia on Monday.
"Investors should be adding money to the areas that will do OK in a global recession; short the areas that will not."
What to avoid Landsberg said he would short tech, high-yield credit, and European assets.
His firm has short positions in: ProShares Short QQQ, ProShares Short S & P 500, ProShares Short Russell 2000, ProShares Short MSCI EAFE, ProShares Short Hi Yield and ProShares Short Financials.