Double-Dip Recession Unlikely, but Double-Dip Pessimism Assured, Says Virtus' Joe Terranova

Oct 29, 2010, 13:01 ET from Virtus Investment Partners, Inc.

HARTFORD, Conn., Oct. 29 /PRNewswire/ -- While he doubts there will be a "double-dip recession," Joe Terranova, chief market strategist at Virtus Investment Partners, says "there is no doubt that we experienced a double-dip in pessimism."  However, in his quarterly market commentary, Terranova notes that he believes the bubble of pessimism is gradually deflating.

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Terranova cautions that "in this world of acknowledged slow growth, void of any conventional means to stimulate growth, it will be very challenging to create alpha."  He suggests that investors need to position themselves in front of the potential market tailwinds that may help them navigate the uncertainty ahead.  A regular panelist on CNBC's Fast Money and frequent blogger, Terranova has identified corporate bonds and equities, utilities/infrastructure, commodities, emerging markets, and REITs as areas of opportunity.

Visit for Terranova's monthly calendar of key economic indicators.

About Virtus Investment Partners, Inc.

Virtus Investment Partners (Nasdaq: VRTS) is a distinctive partnership of boutique investment managers singularly committed to the long-term success of individual and institutional investors. The company provides investment management products and services through its affiliated managers and select subadvisers, each with a distinct investment style, autonomous investment process and individual brand. Virtus Investment Partners offers access to a variety of investment styles across multiple disciplines to meet a wide array of investor needs. Additional information can be found at

Virtus Investment Partners provides this communication as a matter of general information. The opinions stated herein are those of the author and not necessarily the opinions of Virtus, its affiliates or its subadvisers. Portfolio managers at Virtus make investment decisions in accordance with specific client guidelines and restrictions. As a result, client accounts may differ in strategy and composition from the information presented herein. Any facts and statistics quoted are from sources believed to be reliable, but they may be incomplete or condensed, and we do not guarantee their accuracy. This communication is not an offer or solicitation to purchase or sell any security, and it is not a research report. Individuals should consult with a qualified financial professional before making any investment decisions.

SOURCE Virtus Investment Partners, Inc.