“Presume at every turn, the market is out to get you. I’m not being paranoid—it’s true. I don’t call the market the Great Humiliator (TGH) for nothing. Think of it as a dangerous predatory, living, instinctual beast doing anything and everything to abjectly humiliate you out of every last penny possible.” Ken Fisher
That said, I have a bad feeling about this stock market. Interest rates have been near zero for a very long time. In many instances they are less than zero even before figuring in inflation. We have two political candidates for President that many dislike and who are both committed, or so they say, to reigning in Wall Street. In spite of the rhetoric over illegal immigration and confiscatory trade treaties, we are in the midst of a robot revolution and that is the primary reason for the disappearance of jobs everywhere. Stock prices are high by most fundamental measures. I don’t make predictions nor do I try to time markets. What I do is make sure I can live with my asset allocation over a long holding period. If you can’t afford to lose over the short term, don’t put yourself in a position where you might. The long run can solve many problems and probably will. I’m an optimistic sort of guy. I like to keep an open mind, as the genius physicist Richard Feynman said, but not so open that my brains fall out. If you’ve read this far, you might find these articles interesting.