Back in February of this year, the Dow Jones Industrial Average lost 1,032 points in a single day. The media hyped it as the largest decline on record, which was misleading. Yes, it was the largest POINT decline, but not the largest one-day PERCENTAGE decline. This is my biggest pet peeve about market reports. We…
Bear Markets/Crash
Advisors Earn their Stripes in Down Markets
It’s too early to call this market selloff a down market. Stocks are only 5-6% below all-time highs. But a two-day decline of 5% is jarring, even to the most hardened investors. We know that investment losses hurt two times more than gains feel good. Even though portfolio values are higher than they were a…
