Sam Stovall , chief equity strategist of S&P Capital IQ, serves as chairman of the S&P Investment Policy Committee. He is the author of the books, "The Seven Rules of Wall Street" (McGraw-Hill, 2009) and “The Standard & Poor’s Guide to Sector Investing” (McGraw-Hill, 1995). He writes a weekly investment piece on S&P’s MarketScope Advisor platform (www.advisor.marketscope.com) focusing on market and sector history, as well as industry momentum..


Discussion

Stephen from CA posted over 3 years ago:

Excellent, high-level article by a pro who's been around for years.


Edgar Koshatka from PA posted 9 months ago:

I have to continually intone one of my favorite adages when I read this kind of material: "History does not repeat; only the experts repeat."
Another one I like is: "Anyone who has concluded that the stock market is rational is the most irrational person in the room."
Well, at least Mr. Stovall put in the disclaimer, and the print size was the same as the rest of the text: "Should this equity market recovery be similar to prior recoveries - AND THERE'S NO GUARANTEE IT WILL-........" Those are the most important words in the article.


Jay Lagree from DE posted 9 months ago:

Great Article!

@Edgar Koshatka.....The most often repeated falsehood in investing: This time it's different.


Calford Scott from NY posted 9 months ago:

When was this Article written. I am reading it 01/012014. It does not seem to apply to today


Jonathan Niles from CO posted 9 months ago:

I'm seeing May 2009 for a date on my page - and the market cycle discussion seems about right for that time too...


Larry Hutcheson from IN posted 9 months ago:

Recycle an old article? Okay, but does the average reader know how to use this as a framework for today or tomorrow. Great evidence and evaluation but could on updated paragraph be added for clarification?


Edgar Koshatka from PA posted 2 months ago:

Comment for Jay Lagree:

This time, last time, next time, IT IS ALWAYS DIFFERENT. "Life is change.....how it differs from the rocks..."


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