The statistical indicators of our parent organization, the American Institute for Economic Research, suggest that while economic contraction is more probable than continued expansion, the timing of the next recession cannot be determined. Investors should assume that the capital markets are “aware” of this situation, and simply maintain their current portfolio allocations. Our model portfolios (see table on page 26) are designed to withstand a variety of economic conditions.
Also In This Issue
Quarterly Review of Investment Policy
A Buyers’ Market?
The High-Yield Dow Investment Strategy
The Dow Jones Industrials Ranked By Yield
Recent Market Statistics
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