Excerpt from an article by Loic LeMener. President of Opus Wealth Management.
Yet, optimism about a new president historically fades. And besides, all this optimism does nothing to alleviate the global financial challenges we currently face. To be sure, markets cannot be timed. There's no way of knowing whether a bear market is around the corner or off on the horizon.
As legendary investor Howard Marks says, "We may never know where we're going, or when the tide will turn, but we had better have a good idea where we are." And where we are today strongly suggests the prudent investor should be cautious. In February 2009, I counseled my clients to buy stocks. This was far from clairvoyant. I had a simple rationale: "If you're not going to buy stocks when they've fallen 50%, when the heck are you ever going to buy stocks?" Similarly today, if an old, very expensive, highly leveraged stock market won't make you cautious, what will?
Submitted September 25, 2018 at 08:19AM by franco1289 https://ift.tt/2IgTGje
