t always meant sinking equity markets. But some people worry all the same. The market historian James Stack told Jim Stewart of the NYT that high valuations and years of low interest rates mean were dealing with what might be the most interest rate-sensitive stock market in our lifetime.
at an all-time high last week, payback was certainly due. But the rapid selloff has left investors caught in something of a no-man's land. Investech Research's James Stack observes that the economic data remains supportive, as indicated by the strong payrolls report andrecent manufacturing surveys.
James Stack of InvesTech Research said he is especially encouraged that the much-watched Conference Boards U.S. Leading Economic Index is accelerating. The index has 10 economic components such as jobless claims, building permits and manufacturers orders.
trength. The Fed, which has been treating the sick economy with the steroid-like drug of cheap money, is basically saying the patient is well enough to leave the hospital. That's bullish, even though rising rate environments can act as a headwind, says James Stack, president of InvesTech Research.
fifth birthday, according to S&P Capital IQ research firm. And the average bull since 1932 has lasted roughly 4 years, says S&P Dow Jones Indices. In short, no bull lasts forever. "The bull," says James Stack, editor of InvesTech Research newsletter, "is in the latter stages of its lifespan."
Date: Mar 05, 2013
Category: Business
Source: Google
How bad will economic news get in US and worldwide?
"It is too early to tell," says James Stack, head of Whitefish, Mont.-based InvestTech Research. "If we've seen the market's highs, it's unlike any bear market in the past 30 years. I'm not looking for reasons to stay bullish, either. I wish the crystal ball was more clear. This week will be critica
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James L Stack Inc is a stone fabrication company whose primary focus for over 38 years has been customer satisfaction. Through the ups and downs of the market, the only true marketing has always been ...