Friday, January 15, 2010

American Farm Bureau Annual Meeting in Seattle

Peter Ricchiuti of Tulane's Freeman School of Business
Positive Signs Ahead for Financial Markets
Seattle--A nationally known expert on financial markets encouraged Farm Bureau members to maintain their optimism because there are many positive signs for the year ahead.
Peter Ricchiuti, assistant dean of Tulane University's A.B. Freeman School of Business and the founder of Tulane’s highly acclaimed Burkenroad Reports stock research program, said the recession ended last July, but patience is needed for a full economic turnaround.
“Recessions always end and the economy always rises to a higher plateau,” Ricchiuti said at a seminar at the 91st annual meeting of the American Farm Bureau Federation. “It’s not the time to give up. You can see the beach in this.”

A major cause for optimism is that there are trillions of dollars waiting on the sidelines to be invested, Ricchiuti said.

Ricchiuti said what counts most for successful investing is corporate earnings. In addition, successful investors must be committed to long-term thinking. And through it all, investors must be dedicated to the free-enterprise system.

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