COLVIN: "But when you come down to it, you're saying now is one of those good times to buy."
STEIN: "Now is a time when by historic measurements you will get excellent returns over the long run. What it will be next month or the month after, I have no idea. But for the next 10 or 15 years, now I think is a pretty good time to buy."
One would imagine if he was predicting an AMAZING rise in the market, 35%, he would have said it.
Historically this is not a true inverted yield curve. A radical yield curve would show 1month>3month>1year>5year>30yr interest rates. Having been in the financial industry for over 30 years, I would not label this an inverted yield curve.
This was a news cast with one of the money/stock shows probably two weeks. He agreed with the third guy that the
Dow could see 15 this year. Sherman flat out said it on somebody else's show (Cavuto?).