Historic Highs, Historic Volatility

"The bull walks up the stairs and the bear jumps out the window."

As of Friday 3/13/20, week-to-date the Dow Jones Industrial Average is down 10.36% for its worst week since 2/28/20 when the Dow lost 12.36%. The S&P 500 fell 8.86% for its worst week since 2/28/20, when the stock average lost 11.49%. The Nasdaq dropped 8.16% this week, for its worst week since 2/28/20 when it lost 10.54%.

The market has been all over the place.

It seems like it was just yesterday when the market kept hitting historic highs. Market sentiment was high. US economy continued to improve. Trump's trade deals made a mark in history.

Many were euphoric from the longest bull run in history. Everything looked great.

Yet, this raging bull market with no end in sight came crashing down yet again. Many learned the same lesson they learned (and perhaps forgotten) in 2008. And this is the lesson - be fearful when people are greedy; be greedy when people are fearful.

Perhaps more important lesson is the fact that no one can time the market.

On 11/5/19 I wrote:

“We’re currently in a bull market” — fact.

“We’re due for a bear market” — fact.

“Markets go up and down” — fact.

"What we should focus on are facts. And the fact is there are bull markets and bear markets. Since these are facts, your portfolio should be designed to weather the storms of market volatility, especially during retirement."

How is your portfolio doing these days? When was the last time you had it reviewed professionally?

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