At least two guests cited sluggish GDP growth as a reason to avoid owning stocks (sorry I didn't get names; I'm quick to change the channel before getting sucked in). Economic growth was just 1.7% last year, and is perhaps 2% this quarter. That's weak. And if the economy's weak, why should stocks keep rallying? Or so the logic goes.
I'll tell you why, or at least why you should stop paying attention to such calls: There is basically no relationship between current GDP growth and future stock returns.
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