Outlook 2018: Is It Time to Buy or Bail?

A 1987-like crash would throw the S&P 500 for a one-day loss of more than 500 points. Adding to this agita is the realization that the second and third quarters of mid-term election years have traditionally been the most challenging of the 16-quarter presidential cycle. Plus, will rising rates and the knowledge that every Republican President since Teddy Roosevelt experienced a recession during their first term in office cause history to repeat itself in 2018, or will the long-anticipated tax cut inject renewed enthusiasm into this aging bull market? Sam Stovall, Chief Investment Strategist of CFRA and author of The Seven Rules of Wall Street, will tell us whether he thinks it is time to buy or bail.