Opening Statement from the November 2015 Dividend Gems

Opening Statement from the November 2015 Dividend Gems

Originally published on November 15, 2015

For several years we have been discussing our view that the US is not likely to enter into a recession without some large spillover from China or the EU.

So why are investors concerned about a bear market if the chance of a recession in the US remains low?

Keep in mind that weak earnings growth in absence of a recession is not likely to cause a bear market in itself. But a sustained period of weak or declining earnings growth would mute stock market performance due to valuation concerns alone. Furthermore,