This issue marks my 28th anniversary as a Forbes columnist–365 total columns. My timing was great. When I started, the S&P 500 stood at about 151. Today, despite a few serious setbacks, it is almost nine times that.
I started writing the year Ronald Reagan ran for reelection against political yawn Walter Mondale. It was a blah-boring election year stock-market-wise–after a long era when stocks performed poorly, a lot like now.
This is not 1984, and I have stated before that I think we are in a more bullish 1993-type market. At 61 I feel young and optimistic and see no valid reason stocks shouldn’t do as well in the next 15 years as in my first 15 here. Don’t let the seemingly futile gyrations in Europe keep you out of the market this summer.
Here are some picks for your consideration:
In a world where media struggle but are ever more ubiquitous, particularly online, Interpublic Group (IPG, 10) should grow with the global economy and then some. If so, its trailing P/E of nine with a 1.8% dividend yield is too cheap. As one of the world’s very largest advertising and image firms it spans 100 countries with more than 70 agencies and nearly 40,000 employees, doing everything from brand strategy, media buying, public relations, event marketing and more–all the imagemaking pieces.