85% of Wall Street Banks expect the S&P 500 to end higher in 2018. The S&P 500 was up every month in 2017 (first time ever). It has been up 14 consecutive months (also the first time ever). It has not had a 3% correction in
Tag: Valuations
Buy low, sell high
This is probably the most easily recalled market cliche. It’s easy to say, but our own behavioral biases prevent us from actually following that advice. Market history and our own experience tells us most investors believe it is ok to buy high because
The past few weeks I’ve been fortunate enough to sit in over a dozen client meetings with our advisors. Whether they were prospective SEM clients or longer-term clients, there has been a common theme — most do not see any risk in the market. One even commented, “
Last week I spent quite a bit of time talking about the most common behavioral biases exhibited by investors (as well as professional advisors). I flagged it as both a Presentation & Weekend Reading so it is easy to find for future reference. There are two types of behavioral biases
When evaluating the market, far too often our emotions get in the way of making a clear assessment of what is really happening. The more the market goes up, the more our behavioral biases can cloud our judgement. One of the best ways to overcome our behavioral biases is to