Financial Printing--Riding Out The Stocks

Still, reporting that a strong share of Packquisition's financial printing power is bond work done for the City of Philadelphia, Weiss remains optimistic for the coming year.

"I've been through this kind of market several times before," he states. "If the stock market maintains itself moving into Q1 1999, and the Federal Reserve is aggressive, we may see a shorter cycle of the dry spell in financial printing. But, if we have a bear market, the cycle will be a little longer—it always comes back."