What happened to the markets in July?..…No obvious major factor for decline. The daily stock market chart of July 1999 is close to a carbon copy of July 1998. Will history repeat itself in August? Let’s hope not.
Public, NOT professional sentiment may be all that really matters in today's stock market environment. The dark side of 401(k)s...Can unsophisticated investors really be expected to prudently allocate assets, maintain funding disciplines, and resist the temptation to borrow against their plans?
Cash isn't trash, not in 1993 and not today. The real value of cash is its opportunity value, not its yield. Are you an AARP member? "Seeds of Generational Warfare” points out many of the reasons for the growing demographic conflict, young versus old.