2008 Market Volatility
January 25, 2008 — Montag & Caldwell’s winners last year have been under pressure in 2008, but we remain confident in our client’s holdings. The U.S. Economy is very close to stall speed and is on the cusp of a recession. If we do have a recession we would expect it to be mild due to the fact that there are not many excesses in the non-financial, non-housing areas of the U.S. economy. These areas have low inventories, have not …
