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Article: New Bull Market is Forming, Investment Strategist Don Coxe Tells Analysts at AIMR's Annual Conference.
- Article from:
- PR Newswire
- Article date:
- May 15, 2002
CopyrightCOPYRIGHT 2002 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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TORONTO -- U.S. stocks are in the early stages of a bull market that is struggling to find its leadership and to work through the excesses and abuses of recent years, a leading investment strategist says.
Donald Coxe, chairman and chief strategist at Harris Investment Management, Inc., in Chicago, said the leadership of the new bull market will be found among "short-duration stocks" - ones that pay dividends - and in sectors, such as basic materials, that were undervalued in the past. That's in contrast to the bull market of the 1990s, which was led by "long-duration" stocks, like Microsoft, that paid no dividends but were supposed to reward investors with ...