This Bull Market Has Room to Run

Investment adviser Jim Stack’s recent calls have been on the money. Here’s why he thinks stocks will continue to rise.

Unemployment remains stubbornly high. Consumer debt and government debt -- local, state and federal -- are at or near record levels. The housing crisis refuses to go away. The dollar is falling. Gold, a refuge for investors during uncertain times, is soaring.

Amid all this gloom, the stock market has continued to climb since bottoming on March 9, 2009, albeit with occasional stumbles along the way. In fact, through November 1, Standard & Poor’s 500-stock index has zoomed 81.1% since hitting its nadir. James Stack, president of InvesTech Research, a money-management and advisory firm in Whitefish, Mont., says the market’s rise makes perfect sense -- and will continue.

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Steven Goldberg
Contributing Columnist, Kiplinger.com
Steve has been writing for Kiplinger's for more than 25 years. As an associate editor and then senior associate editor, he covered mutual funds for Kiplinger's Personal Finance magazine from 1994-2006. He also authored a book, But Which Mutual Funds? In 2006 he joined with Jerry Tweddell, one of his best sources on investing, to form Tweddell Goldberg Investment Management to manage money for individual investors. Steve continues to write a regular column for Kiplinger.com and enjoys hearing investing questions from readers. You can contact Steve at 301.650.6567 or sgoldberg@kiplinger.com.