Bob’s View: Still room to run
By Bob Landaas
With this bull market more than seven years old, it is natural to question when the good times will be over. Significant market downturns are normally brought on by recessions.
A recession at this point looks unlikely.
First-quarter gross domestic product (the broadest measure of U.S. economic output) rose an anemic 0.8%. Forecasts call for GDP to average 2% or more in the coming quarters. In the majority of cases, stock prices improve along with improving economic growth.