Financial consultant sees better economy ahead - WALB.com, Albany News, Weather, Sports

Financial consultant sees better economy ahead

^ financial consultant Pat O'Lear ^ financial consultant Pat O'Lear
  • More WALB News10 HeadlinesMore News HeadlinesMore>>

  • Suspect identified in fatal Decatur Co. shooting

    Suspect identified in fatal Decatur Co. shooting

    Wednesday, July 30 2014 5:12 PM EDT2014-07-30 21:12:49 GMT
    Sheriff Wiley GriffinSheriff Wiley Griffin
    Leroy Wimberly is facing murder, aggravated assault, possession of a weapon in commission of a crime and possession of weapon by a convicted felon, after a double shooting overnight that left one man dead and another injured.More >>
    Leroy Wimberly is facing murder, aggravated assault, possession of a weapon in commission of a crime and possession of weapon by a convicted felon, after a double shooting overnight that left one man dead and another injured.More >>
  • Southwest Georgia dam failures drill planned

    Southwest Georgia dam failures drill planned

    Wednesday, July 30 2014 5:11 PM EDT2014-07-30 21:11:14 GMT
    An emergency exercise simulating dam failures in Cordele and Albany will be conducted soon.Emergency management agencies and first responders from across Southwest Georgia will join Georgia Power and the Crisp County Power Commission for the emergency drill. More >>
    An emergency exercise simulating dam failures in Cordele and Albany will be conducted soon.Emergency management agencies and first responders from across Southwest Georgia will join Georgia Power and the Crisp County Power Commission for the emergency drill. More >>
  • APD wants armed robbery suspect

    APD wants armed robbery suspect

    Wednesday, July 30 2014 5:07 PM EDT2014-07-30 21:07:35 GMT
    The Albany Police Department’s Criminal Investigations Bureau would like to solicit the public’s assistance with locating Gerard Catedrick Clark (AKA J Rock) for an armed robbery.More >>
    The Albany Police Department’s Criminal Investigations Bureau would like to solicit the public’s assistance with locating Gerard Catedrick Clark (AKA J Rock) for an armed robbery.More >>

 

 

January 3, 2003

Albany-- Financial consultants in Southwest Georgia say 2003 offers good investment opportunities. Stock brokers are advising their clients to continue their investment strategies, looking for the economy to bounce back strongly in the coming year.

A.G. Edwards and Sons financial consultant Pat O'Lear catching one of his clients up on the post holiday trading news. O'Lear says only once before has the stock market had three down years in a row like now.

O'Lear said "The fourth quarter was definitely positive. The third quarter was a little above expectations. Everyone had decided we were going to have a bad Christmas season. Most of the retailers have announced numbers above everybody's poor expectations. The economy is on the way back. We are well out of the recession."

With the prospect of war looming, O'Lear says that will kick the nation's economy into high gear. "Young men and women going into harm's way. But war historically, if it is not too long or too drawn out, it's been fairly positive for the economy. Those bullets that are shot, and rockets that are fired, and missiles that are fired, have to be replaced. So they have to be manufactured and that means jobs. If you remember in 1991, it was the Gulf War that pulled us out of that relatively short recession."

O'Lear says the stock market is a good buy now for investors who have time to let their investments grow. For people who need a quick return, it's a much tougher time right now.

The bulls just couldn't make it two in a row following Thursday's big rally, but the profit taking was limited and stocks ended narrowly mixed. Friday's Dow Jones industrial average ended down nearly six points at 86.01.

For the week, the Dow gained 298 points.

posted at 4:44PM by jimw@walb.com