Newsroom & Financials

Outlook on Equities: Time to Buy, Sell or Hold?

Posted 02/26/2015

U.S. equity markets continue to demonstrate remarkable strength. Over the past two years, major stock indices have recorded substantial gains: over 30 percent for the Dow Jones Industrial Average, over 40 percent for the S&P 500, and over 50 percent for the NASDAQ. And all three have continued to hit all-time highs in 2015. It has been great news for all sorts of equity investors – from pension funds and other institutions to average Americans with 401(k)s. And the gains have come despite the looming prospect of a rate hike by the Federal Reserve, which most expect will take the some of the air out of stocks by increasing bond yields.

What’s next for equities? To answer that question, Outlook turned to renowned stock market observer Burton Malkiel, emeritus professor at Princeton University and the author of A Random Walk Down Wall Street: The Time-Tested Strategy for Successful Investing. The 11th edition of the book was published last month, setting forth Malkiel’s long-held belief that markets are unpredictable and that investors cannot consistently beat market averages. Read more...

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