We've been programmed to believe the Fed is all-knowing and has the ability to control the financial markets. This idea has brought a perception of "stability" and added to investors' appetite for risk. If you believe the Fed will be there to save the day, you will take on more
In June we issued 3 bear market tips – stay calm, ignore the media, and be patient. In September we followed that with some reminders on navigating the bear market including the primary things to remember – inflation is the problem, the Fed has barely begun their fight against inflation, both of
In Ernest Hemmingway's The Sun Also Rises, the main character was asked, "How did you go bankrupt?" He responded two ways, "Gradually, then suddenly." When asked, "what brought it on?" he said, "Friends. I had a lot of friends. False friends. Then I had creditors, too. Probably had more creditors
The third quarter is in the books and like the past two we saw stocks and bonds declining. Even inside of a bear market we should see a bounce. As we've been warning throughout the year, just because the market is able to rally it doesn't mean the bear market
Stocks are set to retest the lows from June. We'll hear a lot this week about a "breakdown" or if stocks hit new lows and then rally. I'm confident there will be plenty of "experts" calling it the "bottom". Stocks are down 16% since August 16 and 13% since Fed
