Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : High Tolerance Plasticity -- Ignore unavailable to you. Want to Upgrade?

To: aerosappy who wrote (11138)	12/17/2001 9:34:18 PM
From: RR	Respond to of 23153

Disregard. (eom)

To: aerosappy who wrote (11138)	12/18/2001 1:18:56 AM
From: stockman_scott	Respond to of 23153

Another Trying Year For Stocks... marketwatch.com <<...But even in the face of terrorism fears and chances that an economic rebound may take much longer than many are forecasting, most strategists are willing to bet that stocks will yield respectable returns in 2002. History certainly favors the bulls. Alexander Paris of Barrington Research Associates notes that the stock market historically bottoms and starts moving up about halfway through a recession. Considering that postwar recessions had a duration of about 11 months, the economy is now three-quarters through the downturn. The lows registered in late September were thus right on schedule. "Although the timing and magnitude of the economic recovery are still a matter of debate, we are definitely in the period of the cycle where investors should be structuring portfolios for resumption of growth," Paris declared. Jeffrey Rubin of CIBC WorldMarkets echoes that view. "Stocks have traditionally been the asset choice at this juncture in the cycle," he said. "Precisely which month GDP troughs in 2002 is now more of academic interest than of investment interest. That the end will soon be in sight is the relevant point for asset rotation." The S&P 500 ($SPX: news, chart, profile) began rallying during the last six months of the 1991 recession, Rubin noted, and the only time this pattern failed to hold was in 1980, as the economy double-dipped into a recession by 1982. "I think it's a bad bet to bet against history," remarked Hugh Johnson, chief investment officer at First Albany. "Next year should be a good year for stocks. The real question is, how good?" The conditions for the end of the bear market are in place, according to Johnson: a ton of monetary stimulus was injected by the Fed throughout 2001; there's enough liquidity to drive the market; and leading indicators of economic growth are turning upward...>>