Paul Mampilly has been a professional investor since 1991. That’s ancient history for many of today’s investors, but it means he has seen both the best and the worst. Paul Mampilly saw the dot com bull market. He saw it dip in late 1997 thanks to the Asian currency crisis, then saw it go on to even greater heights. He suffered through the 2000 Tech Wreck. He was managing billions for one of the best hedge funds in the world when the stock market began going up again, along with real estate. During the 2008-2009 financial crash, a fund he managed for the John Templeton Foundation went from $50 million to $78 million for a 76% return. And he did that without shorting stocks, during the worst economy since the Great Depression. In March 2009, the Dow Jones Industrial Average was less than 50% of its November 2007 high.
And Paul Mampilly has been watching how the stock market has continued to go up every since March 2009. Now that the market is suffering some down days, he recently wrote a blog post telling people, now is not the time to sell. The Dow Jones will reach 50,000, and then go up from there. He understands many people are worried when the market goes down. But that is natural and inevitable. No bull market in history has ever gone straight up. But when you sell your stocks out of fear, and the market goes back up, you feel frustrated by missing out. Mampilly doesn’t want his subscribers to miss the tremendous bull market.
Paul Mampilly points out there’s little chance this market will crash as it did in 2008. The stock market reflects the underlying economy. Future sales and earnings drive the stock market, and those numbers are solid. Business conditions are extremely favorable right now. Every large economy around the globe is now expanding because business conditions are good for everybody. 10 out of 11 market sectors reported higher earnings estimates in January. The Federal Reserve is slowly raising interest rates, but historically they are still quite low. Yet inflation remains extremely low.
As Paul Mampilly been saying since 2016, this bull is running to 50,000 and beyond. He doesn’t advise selling stocks in general. If you are sitting on cash now, he advises everyone to buy the stocks he recommends in the newsletter he writes for Banyan Hill Publishing, Profits Unlimited.
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