InvesTech Research: What Others Say..

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What Others Say

What the Media Says...
InvesTech's unique analysis and safety-first track record are frequently the focus of media appearances and financial news articles. Here's just a sampling...

Why Three Bears Turned Bullish
Veteran analysts tell why they think stocks are heading up.
“Jim Stack was one of the most vocal bears of 2008... In March [he suggested] that the market was approaching the buying opportunity of a lifetime.”
Kiplinger’s Personal Finance – June 2009

“‘Regardless of whether one argues that the bear market bottom is at hand, or still lies ahead, it is a historically indisputable fact that we are heading toward a buying opportunity of a lifetime,’ said James Stack, a money manager and publisher of InvesTech Research. These are not the words of some raging bull. Stack is among the most conservative money managers in America...”
Dallas Morning News – April 1, 2009

“In August of 2005, you warned our viewers of an impending real estate bubble. In January of 2007, you told us a bear market was in the offing and then last July you warned the financials and the home builders still had plenty of downside risk. Great calls, Jim, I compliment you.”
Paul Kangas, Nightly Business Report – March 27, 2009

Time to Say Goodbye to the Bear?
[James Stack] A savvy market watcher, who has been correctly bearish on stocks, says the next bull market will likely start soon – and it should be a big one.
Kiplinger.com – March 10, 2009

“Chuck Allmon, 88, will retire the stock newsletter he has been writing since 1965... Allmon has chosen Jim Stack, of InvesTech Research, to advise his subscribers. That choice is just more evidence of Allmon’s great market insight, since Stack is one of the most disciplined, and successful, newsletter writers in the business.”
Chicago Sun-Times – December 22, 2008

“‘The difficulty lies in the wild card, and that is the downturn in the housing cycle,’ says Jim Stack, president of Stack Financial Management and editor of InvesTech Market Letter. Indeed, housing starts and permits dropped in August to their lowest level since 1995. ‘We clearly have not seen the bottom in the housing bust,’ Stack says... ‘It's better to err on the side of caution than to be swinging for home runs right now.’”
U.S. News & World Report – September 22, 2007

Newsletter editor gets defensive
Jim Stack, editor of the InvesTech newsletter, says that “Bull markets don’t die of old age, they die from deterioration and economic imbalances, and we are seeing economic imbalances now.”
MarketWatch.com – September 6, 2007

“Now investors are wondering if the housing market’s problems will spill over into the economy. ‘Housing is the one wild card that could, if it takes consumer confidence down with it, take the economy into a recession,’ says James Stack of InvesTech Research... Could the housing troubles yank the broad stock market into a morass just as the tech-stock implosion did in 2000?... ‘The parallel is amazing,’ Stack says.”
USA Today – July 31, 2007

Muttering the ‘R’ Word
Some on Wall Street spy a recession on the horizon
“‘The blocks are in place for a recession in 2007,’ says James Stack, editor of the InvesTech Market Analyst newsletter.”
U.S. News & World Report – July 16, 2006

Get financially literate with these sources
“And I always read Jim Stack’s InvesTech newsletter as he’s got a great market track record. I really like his historical and technical perspective.”
Terry Savage, Chicago Sun-Times – August 18, 2005

“James Stack, editor of the InvesTech Market Analyst newsletter in Whitefish, Mont., became increasingly bearish on stocks on they rocketed in the late 1990s. But he sees a much different market today. ‘This is the best value-hunting environment that we have had in a decade,’ Stack said.”
Chicago Tribune – October 28, 2003

“Jim Stack puts out InvesTech, a crisply written and information-filled newsletter. Jim hangs out in Whitefish, Mont., and, we can attest, he’s an exceptionally savvy fellow.”
Alan Abelson, Barron’s – January 6, 2003

"Jim Stack of InvesTech Research was the only panelist to correctly predict both a recession and a bear market in 2001."
Paul Kangas – Nightly Business Report, January 1, 2002

"Jim Stack was a bear...in the technology-bubble era of 1999 and early 2000. Today, he is rightly considered a hero for warning subscribers of his InvesTech market newsletter, and anyone else who would listen, away from stocks as they climbed toward their peaks and then careened into the worst decline in a generation."
Los Angeles Times – December 9, 2001

"Mr. Stack has often been a lonely voice. More significantly, he's often been right... In the late 1990s, he consistently cautioned investors about the dangers of the speculative bubble gripping Wall Street."
The Dallas Morning News, August 19, 2001

"Technical analyst and market historian Jim Stack has made some very prescient stock market calls... The majority of Stack's seven key conditions were in place in each of the market's nine best-buy opportunities since 1966."
Worth – March 2001

"Financial analyst Jim Stack has a tremendous view from his offices along the scenic shore of Whitefish Lake. He can see things from here, that simply aren't visible from the glass fronts of Wall Street's skyscrapers."
Missoulian – April 1, 2001

"In years to come, I have no doubt that we will look back on Jim Stack's '1997 New Paradigm Bubble' report as one of the most important warnings in the history of investing. Those who ignore Stack's compelling arguments today do so at their own peril."
James U. Blanchard III – July 1997

"Of the hundreds of newsletters I've followed for the at least 10 years, only four stock letters and two mutual fund letters have beaten the market on a risk-adjusted basis over the entire period that I've tracked them. InvesTech is the least risky of the letters...with about 43 percent less risk than the stock market as a whole."
Mark Hulbert, Medical Economics – June 10, 1996

"WHICH EGGS, WHICH BASKETS?"
"Risk-adjusted performance is no mere theoretical issue...(InvesTech's) performance smooths out that of the stock market. It lags the market in rallies (like now). But it also appears more or less impervious to declines. As a result, InvesTech has been ahead of the market for significant periods--not merely after the 1987 crash but also very quickly during the brief 1990-91 decline."
Forbes – Oct. 23, 1995

"From his office overlooking Whitefish Lake in the Rocky Mountains of Montana, Jim Stack foresaw the stock market crash of Oct. 19. On Sept. 30, his InvesTech newsletters told stock investors to move to 94% cash. Mutual fund investors were advised to go to 75% cash and leave the rest in a precious metals fund."
USA Today – Jan. 4, 1988

"ONLY FIVE NEWSLETTERS PREDICTED PLUNGE...
Hulbert's Financial Digest is also bullish on InvesTech Market Analyst, a northwestern Montana newsletter published by James Stack. After the Dow peaked in August, he advised investors to put 60 percent of their holdings in cash; by October 5, it was 88 percent. The last stock in his model portfolio was sold Oct. 16, three days before the crash. Stack said monetary conditions and technical factors pushed him toward caution."
The Washington Post – Oct. 22, 1987

"Jim Stack is going to be recognized as one of the top market analysts in the country within a very short time."
Timer Digest – Sept. 9, 1985

"Jim Stack is always accurate in identifying major market trends and specific investment strategies for our investors. He consistently ranks in the top 1% of ISI's favorite conference speakers."
Kim Githler, President
InterShow (Investment Seminars Inc.)

"A technician from the Northern Rockies who's been beating the city boys at their own game."
Louis Rukeyser, Wall $treet Week

What Our Subscribers Say...
Money Magazine "I have been a loyal subscriber for more than 2 years and I wanted to thank you for your publication. I have subscribed to several investment newsletters and found InvesTech Market Analyst & Mutual Fund Advisor to be the best. I like the way you back-up your positions and recommendations with easy to understand technical analysis. It is ideal for someone like myself who does not make investment decisions without solid rationale.

"By following some of your advice I have not only made money, but have attained another achievement. I entered a Money magazine contest searching for the 'Best Personal Finance Manager in America.' The judging included everything from all-around financial savvy to investment choices and results. In December I was named the 'Best Personal Finance Manager in America' and won the grand prize of $10,000 and a computer. I have since been interviewed by several TV, radio, and newspapers with the highlight of being interviewed on 'CBS This Morning' in New York. I just wanted to share some of the credit and say THANK YOU. Sorry, I'm keeping all of the money. I look forward to many more years of profitable investing with you and InvesTech."
M. M. - Orion, MI

"I think I must be one of your biggest boosters. A week rarely goes by, when I don't suggest to a friend or acquaintance that they give consideration to InvesTech, because I find it very valuable. The reason I subscribed initially was because I liked the idea of Jim being a bit different... not following the herd mentality. When you are in New York, in a Wall Street firm, you have people controlling what you say and using it to sell stocks to customers. I liked both the fact that Jim was independent, and that he had the good sense to go to a place that he loved to be... on a lake in the mountains. I really like the down-to-earth tone of your newsletter. I feel that Jim's talking TO me, not AT me.

"I value the ability to direct where my investment dollars are going. I have seen in action the difference that having proper market analysis and advice can make. And I'm not talking hundreds of dollars, I'm talking thousands of dollars. Anyone that enjoys learning about the market and having a better understanding of what's happening to their investments... or what they can do to prevent the loss of some very hard-earned dollars would be well advised to consider a subscription to your newsletter. InvesTech is excellent. It provides essential, timely, and accurate information without the puffery often seen elsewhere."
C. B. - Milwaukee, WI

"I use InvesTech for business as well as for stock market investing. I'm the Chief Executive Officer of a corporation as well as a trustee of a pension fund, and I use your economic approach without any regard to the stock market. Jim is probably the smartest person writing on the market today. He has a disciplined approach, he explains his positions in a way I think anyone can understand. You don't need a degree from Harvard to understand what he says. He's just good. I'm a number one fan of his.

"InvesTech is in a class by itself. I read 3 daily newspapers, 2 weekly finance journals, a monthly magazine, 5 advisory services; plus scores of technical journals and articles. There is nothing that compares with InvesTech. You have the discipline of a seasoned technician, but you also have the insight of a brilliant theoretician. That is a very rare combination. You have made us a lot of money, but you have saved us even more."
B. P. - San Juan Capistrano, CA

"I just want to tell you that I do very much value your approach to investing because it is one I am comfortable with. Your newsletter is the first, and I am sure the only one, that I will ever subscribe to. My interest in investing is mainly an act of self defense as I approach retirement, although I was always very careful to save as much money as possible. Politically, I am so far left that I don't appear on the American political map, so when my fellow professors kid me that I am crazy to get a letter from Whitefish (the "boonies") for investment advice, I tell them 'listen, anyone who is smart enough to live in Whitefish must know what they are doing; take my word for it guys, I have been there.'"
W. J. B., PhD - Poughkeepsie, NY

"I have been involved in the financial industry since 1956, as a bank director, sales manager and executive Vice President in a brokerage firm. The stock market is my hobby! I have seldom read a newsletter with so much material in so few pages. I do hope that you will continue to give your subscribers in America and around the world your conservative insight as to the protection of their capital. I would like to thank you and commend you on behalf of all your subscribers and also all the people who will be reading this [special report] - a timely masterpiece for investors. I believe it is must reading and that everyone in America should read it."
J. S. J. - Quebec, Canada

To Share YOUR InvesTech Story, send your comments via e-mail to investech@investech.com. Please be sure to include your name and address. Or if you prefer, send your letter to InvesTech Research, 2472 Birch Glen, Whitefish, MT 59937. We look forward to hearing from you!