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Bargain Investors May Push the Stock Market Upward in 2016

Bargain Investors May Push the Stock Market Upward in 2016

In a Forbes.com article titled “How 2015’s Flat Stock Market Boosts 2016’s Prospects,” contributor John S. Tobey takes a look back at the stock market’s performance in 2015 and writes about how this will affect its performance in 2016. The 2015 fourth quarter drop in oil prices have had a negative effect on the stock market and on investors psyche which has carried over into 2016. John believes the drop in oil prices and its domino effect on other industries will make for a prosperous 2016 as value investors look to buy safe stocks with good dividends at bargain prices.

One investor who may be looking for bargain stocks to invest in is James Dondero. Jim is the co-founder, president, managing partner, and portfolio manager of the Dallas based investment firm Highland Capital Management. He has over 30 years of business and investing experience which started with Morgan Guaranty’s analyst training program in 1984. Jim later became a corporate bond analyst and portfolio manager with American Express before becoming the Chief Investment Officer for a subsidiary of Protective Life. Then in 1993, Jim and his business partner Mark Okada founded Highland Capital Management which currently has over $21 billion under management.

In addition to leading Highland Capital, Jim is also a chairman, president, and/or director for a number of other companies such as NeighborCare Inc., Safety-Kleen Inc., Nexbank Capital, Nexpoint Capital, and MGM Holdings to name a few. Within Highland Capital, he holds many of these same positions with a number of Highland Capital’s mutual funds. Jim is also a Certified Public Accountant, Certified Managerial Accountant, and a Chartered Financial Analyst. His business investing experience along with his credentials makes him a highly sought after professional who can help his clients navigate through the 2016 stock market and find the solid stocks at bargain prices that John S. Tobey wrote about.