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Two financial managers, A and B, are contemplating a chart showing the actual performance of the S&P 500 Index over 5 years. Each manager has
Two financial managers, A and B, are contemplating a chart showing the actual performance of the S&P 500 Index over 5 years. Each manager has to issue new shares of stock sometime in the next year. A: My company will issue right away. The stock market cycle has topped out, and the next move is down. Better to issue now. B: We are waiting. The market’s been going nowhere for the past year or so, but the figure shows a basic upward trend. What would you say to A and B?
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