The table below is an update to the table we published immediately following the attacks on the World Trade Center and the Pentagon. The stock market has bounced back sharply, as it often has following dramatic events in history, but this is hardly a signal to “buy on bad news.” The fact is, stock price […]

U.S. economic activity reached a peak in March 2001. Conventional wisdom suggests that at the onset of recession, investors should avoid the stocks of companies selling big-ticket items because nervous consumers or businesses might defer these purchases and instead focus on firms that are ostensibly unaffected by GDP trends. Following this logic, an investor would