In 1961, the great free-market economist Milton Friedman wrote a paper called “The Lag in Effect of Monetary Policy,” wherein he discovered a six- to nine-month delay in how long it would take for a change in monetary policy to be felt in the economy and the stock market.

Wall Street has been debating the huge run-up in the Dow Jones Industrial Average. Was March the beginning of a huge rally that will take the market to new highs? Have we witnessed the proverbial “dead-cat bounce?” The prognosticators have been unsure, uncertain and uncommittal about what they see coming next…

While the rest of the global banking system falls apart, Canadian banks are receiving the highest rankings as healthy, competitive stocks. Mark Skousen of Investment U says that superior bank stocks will soar when the markets recover. 

Dr. Mark Skousen says stock indexed annuities are a great “peace of mind” investment. They have the same downside protection as a fixed annuity or money markets. But as they are linked to stocks, they also reap the benefits of a market recovery.