Stack Financial's Johnson: Bear-market lows haven't been met yet

Zach Jonson, senior portfolio manager at Stack Financial Management, says there are 'so many different headwinds' facing the market that 'we feel we're not quite through this yet.' He says that macro-level indicators are suggesting that the market will either re-test prior lows or set new ones, noting that current conditions suggest that there are enough positive indicators that investors should 'sit on your hands' and stand pat while watching the technicals play out. Also on the show, Marty Fridson, chief investment officer at Lehmann Livian Fridson Advisors and publisher of the Forbes/Fridson Income Securities Investor newsletter, says that 'the very rapid, most aggressive tightening of of rates that we have seen in a number of decades is behind us,' and that the bond market is 'more normal' than it has been in years, even as pockets like junk bonds and others are still a big concern for investors. In the Market Call, Gerry Frigon, chief investment officer at Taylor Frigon Capital Management talks about buying growth stocks in a slow/no-growth environment.