Equity Market Outlook

By: Lawrence Manley | Fri, Jan 17, 2014
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The equity market finished 2013 at an all-time high; the major averages were up over 30%, fueled by central bank liquidity and the expectation of a 2014 economic acceleration. While most investors are optimistic, we continue to believe the stock market offers an extremely poor riskreward, is poised to provide below-average, long-run prospective returns and is vulnerable to a significant decline (30% or more).

Equity Market Outlook

 


 

Lawrence Manley

Author: Lawrence Manley

J. Lawrence Manley, Jr., CFA
Manley Capital Management, LLC

J. Lawrence Manley, Jr.

Manley Capital Management, LLC is a Registered Investment Advisor, founded in 2013 to provide responsible investment management services to high net worth individuals seeking capital appreciation, balanced with risk management and a focus on preserving capital in bear markets.

The firm's founding partner, J. Lawrence Manley Jr., CFA, is a successful investment manager with more than twenty years of investment experience and a solid track record of outperformance, reduced volatility and a low market correlation.

Copyright © 2014 J. Lawrence Manley, Jr.

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TRUE MONEY SUPPLY

Source: The Contrarian Take http://blogs.forbes.com/michaelpollaro/
austrian-money-supply/