At the peak of the 2000 Tech Bubble, InvesTech defied Wall Street and warned of one of the most important tops in Wall Street History…
At InvesTech we do not follow a “blind” buy-and-hold investment philosophy. Instead, we adjust equity exposure according to our assessment of market risk. This judgment is made based on InvesTech’s historical and current analysis of leading technical and macroeconomic evidence, as well as our time-tested proprietary technical indicators.
From Afar, an Analyst Gets It Right
Aug. 19, 2001 – Just over a year ago, James Stack stood before 5,000 people at an investment trade show in Las Vegas and warned of the coming stock market collapse.
“Many investors have taken leave of their senses,” he told the attendees at the May 16, 2000 conference, and “the losses will change their lives.” The prediction, which proved accurate, was all the more remarkable because none of the 160 other market experts who spoke at the show agreed with Mr. Stack’s bearish sentiment. Mr. Stack has often been the lonely voice. More significantly, he’s often been right.
Jan. 1, 2002 – Paul Kangas:
Jim Stack of InvesTech Research was the only panelist to correctly predict both a recession and bear market in 2001.
“Crash or not, the upcoming bear market will likely be viewed as one of the most devastating in history.”
Just 3 months before the Internet Bubble popped [in March 2000], we warned subscribers “Crash or not, the upcoming bear market will likely be viewed as one of the most devastating in history.”
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