Unlike most, he’s eligible for Social Security. But the 75-year-old market pundit, who has logged 50 years on the Street, does not plan to call it quits. “I,m winding down but not dropping out,” he says. Two years ago Stovall sold his money management outfit to Prudential Securities, where he then worked as a market strategist until the firm started cutting heads in the downturn. Not surprisingly, Stovall has been relatively gloomy about the market, warning that economic growth won,t be as robust as some Wall Street experts are predicting. Stovall, who made his name popularizing such market indicators as the correlation between stocks and hemlines, intends to spend part of his time doing lucrative speaking gigs. Or, as he likes to put it, “chirping for seed.”
