By Brice Wallace
John Tousley has some advice for stockholders who believe a recession will happen sometime in the next two years.
“You do nothing.”
Speaking at a Salt Lake City Rotary Club luncheon last week, the Goldman Sachs executive said that while an economic model pegs the risk of a recession at 33 percent — it was 19 percent a year ago — historic data indicates that stock market returns two years before a recession hits is about 21 percent. That’s the same level as last year’s S&P 500 returns.