The AAII New York City Chapter presents...

"Can Income Be Increased Without “Yielding” to Temptation and Will Equities Catch a Second Wind?"

    Discussed by:

    Sam Stovall
    Chief Investment Strategist, CFRA

Sam Stovall will explain why he believes that the half-speed growth projection for the U.S. is threatened by the expected European recession and soft landing (at a minimum) in China. In this economic context, he will discuss whether earnings will rise 6% in 2012 as estimated and the market will catch a second wind. As an alternative he will consider whether fluctuating currencies, flagging economies and faltering profits will result in a decline in the S&P 500. In either case, he foresees interest rates remaining near zero through 2014. Thus, increasing returns in equities without major risk, whether through capital gains or dividend income, becomes a major issue for investors.

Attend This Meeting and Learn...
Whether the U.S. economy will pick up the pace
Whether the projected first-half slowdown in projected S&P 500 earnings is temporary or the new norm
Whether value can still be found in high-yielding stocks in the context of extremely low bond yields

Wednesday, May 2, 2012
5:45 p.m.    Registration
6:15 p.m.    Program
7:45 p.m.     Refreshments (wine & snacks)
The Community Center at St. Jean Baptiste Church
180 East 76th St.
Manhattan, NY
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In Advance* (received by 4/25), Everyone, $26/person
At the Door* (space permitting), Everyone, $30/person
Please register at the door if timely mailing of the registration
form is not possible.

  Special Interest Groups (SIGs)

SIG meetings do NOT require advance registration (some may request an RSVP). Most are free of charge. Contact the group leader if you need additional information to attend.

Next SIG Meeting: Wednesday, June 20, 2012 Details in the June 2012 chapter meeting announcement.

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