In a maturing bull market, expectations are usually running at high levels for both economic growth and corporate earnings. And the higher the expectations, the greater the room for disappointment.
More Quotes from James Stack:
The shorter the time until maturity, the less impact rising rates will have on bond prices.James Stack
We got record earnings growth beginning in 2002 after one of the biggest bubble collapses in history in 2000. Just wait until the next recession when earnings growth turns negative again, and people will understand that earnings don't always grow 15 percent to 20 percent.
James Stack
The comparison of the 2000s (to the prior two decades) will not be favorable from a historical perspective.
James Stack
We are starting with stocks fully valued and short- and long-term interest rates still hovering near four-decade lows. Large bull-market moves are generally accompanied by, or preceded by, declining rates, and we don't have that scenario today.
James Stack
Of the 14 bull markets in the SP 500 index over the past 75 years, fewer than half have lived to celebrate a fourth anniversary.
James Stack
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Based on Topics: Disappointment QuotesAnd it is very sexy as well: somebody says I'm taking you on a surprise date, you don't know where you are going and you can't see and then you put your hand out and there is a tiger. Amazing.
Emily Watson
Even if you do learn to speak correct English, whom are you going to speak it to?
Clarence Darrow
It's only women who are not really quite women at all, frivolous women who have no idea, who neglect repairs.
Marguerite Duras