The worst December for stocks since the Great Depression. A decline in the Nasdaq of more than 20% since its high in August, dropping it into Bear territory. A loss of $1.2 trillion in value from Facebook, Amazon, Apple, Alphabet, Netflix and Microsoft.
Bah, Humbug.
In today's toxic environment, how can an investor trust an advisor’s recommendation to accept some volatility in exchange for longer-term gain? How can the investor know that her advisor is looking after the investor’s best interests, when even the U.S. Court of Appeals says that the advisor doesn’t have to?
The big drops in the stock and bond markets on February 2 - 5 gave many investors scary flashbacks. But the truth is that drops like that are to be expected, not feared.