“We’re cautious about the [stock] market,” says the chief economist for A.G. Edwards & Sons. “We believe the market is undervalued, but we recognize that sentiment is not good. The market tends to overlook the good news and respond more negatively to bad news, and that’s reflected in P/E ratios going down.” In response Thayer is overweighting in defensive sectors including healthcare, consumer staples, utilities, and energy. “We’re watching to see how the market responds to the current decline in energy prices; if we get some good news and the market still doesn’t respond, there would be more of a concern about the market at that point.”–Robert F. Keane
The law affects access to policy loans for insureds who are getting LTC-related accelerated death benefits.
An attorney looks at the interpretation of this exclusion that was approved as part of the SEC's advice-standards package.
“Responses from competitors were precisely as we expected,” CEO Walt Bettinger says.
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