Ask George

George Putnam, one of the country's leading turnaround and distressed investing professionals, answers your investing questions. This is your chance to find out everything you wanted to know--but were afraid to ask--about turnaround investing.

To submit your question, please click here.

Does the poor performance of the stock market in May indicate that the U.S. is headed for a new recession?

June 15, 2012

This question comes up frequently when the market takes a dip. While it is true that the stock market does sometimes anticipate a recession, the market is far from an accurate economic indicator. As the Nobel prizewinning economist Paul Samuelson once said, “The stock market has predicted nine of the last five recessions.” In fact, in the last few days as I was preparing to write this, the market has already staged a sharp turnaround. Bottom line: don’t try to time the market!

(Question submitted by Richard M.)

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George Putnam has suceessfully invested in distressed companies for nearly 30 years and The Turnaround Letter's market-beating returns demonstrate the profit potential. He knows all the pitfalls, too--which he shares in this free report!

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Distressed Investing Blog

Distressed Investing Blog

The China Syndrome: Stock Market Volatility & Turnaround Investing Strategy

Notwithstanding our views on the strength of the U.S. economy, we don't think we've seen the end of the volatility in the U.S. stock market related to China. Investors love to worry about something, and there is likely to be plenty of worrisome economic news out of China for the foreseeable future. Read More.

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