Stock analyst delivers blunt words on recession risk
The 35-year Wall Street veteran sent a strong message about the economy.
Long-time investors like me may hear Led Zeppelin's lyrics, "Good times, bad times, You know I've had my share," echoing in their heads lately.
These times have undeniably been good. The S&P 500 has notched back-to-back years of 20% plus returns, trouncing the average 10% annual return over the past thirty years. However, anyone around the markets long enough knows that good times can beget bad times (and vice versa), and average returns only tell part of the story. There have been plenty of hair-pulling moments and lost sleep over the last three decades.
