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By SBN Staff
Smart Business Akron/Canton | July 2001
Red alert
Pauli Hubbard, a certified financial planner, says that since her fiscal crystal ball broke about 19 years ago, she now likens the stock market status to a nautical cliché.
"Remember the old adage, 'red sky at night, sailor's delight, red sky at morning, sailors take warning?' Well, consider this -- a consistent rally in the bond market is a harbinger to future consistent rallies in stocks," says Hubbard, president of Creative Financial Services Inc. in North Canton. "I know it doesn't rhyme, but if you're looking for hope in your portfolios this spring, it may be something to consider."
Hubbard says that, in this market, all the usual results that come from positive actions, such as lowering interest rates, are held in check when fear rules the market.
"So, until there are more glimmers of hope, vs. the 'irrational' fear, all the words of wisdom will just be words," she portends.
