• 61°

Investment adviser sees light at end of recession tunnel

By Staff
POISED TO RECOVER Stacey L. Wall, president and CEO of Pinnacle Trust Company, speaks during an economic forecast luncheon sponsored Friday by Community Bank Meridian. Wall, whose firm is a leader in investment management and trust services, told about 200 attendees there is light at the end of the recession. Photo by Paula Merritt / The Meridian Star
By Steve Gillespie/staff writer
Feb. 16, 2002
There is light at the end of the recession.
That was the message delivered Friday by economist and investment adviser Stacey L. Wall, president and CEO of Pinnacle Trust Company. Wall spoke during an economic forecast luncheon sponsored by Community Bank Meridian.
On the local level, Wall said Mississippi doesn't have the type of economy that booms when other parts of the country, like California or the Northeast, experience economic upswings.
Wall's presentation was accented with computer generated images that illustrated his topics. He began with an overview of the Sept. 11 terrorist attacks and how it affected the economy.
He said all indications suggest that the Federal Reserve is finished with interest rate reductions.
Wall also thinks inflation will remain low this year, probably less than 2 percent, he said.
Wall also warned of three of the most common mistakes investors make:
trying to time the market, because while those who come in and out of the market will miss some bad months, they will miss good months as well;
chasing returns, or investing in a stock or mutual fund after it has had a big move, instead of before; and,
not diversifying enough.
Chuck Nicholson, president of Community Bank Meridian, said he wanted to introduce Wall and Pinnacle Trust to the community and shed some light on what the economy will be like for this year and beyond.
The bank has partnered with Pinnacle Trust Co., founded by Wall in 1997, for those types of services.

News

Russellville Elementary receives book donation from UNA honor society

Franklin County

FC Farm-City Committee receives state awards

Franklin County

NW-SCC to reopen nature trail

Franklin County

Job fairs shed light on employment options for HS seniors

News

RCS music department hosts second annual show choir camp

News

Local sites participate in National Prescription Drug Take Back Day April 24

News

RMS show choir returns to stage

Franklin County

Chucky Mullins Scholarship brings in football star to lead youth camp

Franklin County

Hospitals offer another vaccine clinic in Franklin County 

Franklin County

Chamber announces application period for Junior Leadership

Franklin County

DHR opens second round of pandemic grants for childcare providers

Franklin County

NW-SCC offers scholarship to put students back on degree path

Franklin County

Leighton donates to Phil Campbell Fire Department

Franklin County

State’s mask mandate expires

Franklin County

Food Share collects $11K, 970 items

News

Class of ’48 friends reunite

Franklin County

4-H takes applications for rabbit project

Franklin County

Statewide clean-up campaign continues through April

Franklin County

PC youth receive scholarships

Franklin County

Franklin County youth livestock exhibitor earns ribbon

News

City addresses storm damage at sports complex

Franklin County

FRANKLIN’S FINEST: Annual Partnership Awards honor county’s dedicated citizens

Franklin County

Studio X-Treme wins big at state, AAU Junior Olympic Qualifier

News

$8K goes to RHS’ Lauren Sturdivant

x