Ok, ok......
he markets are at record levels and today still climbing. The growth during the Trump days are enormous.
I am not a professional
To what do you attribute the market growth say in the last few weeks?
We are finally at a point where traders can place bets on the market, with the election being closer.
“Sell in May, go Away’ is similar. Traders are out of a market, like summer, because there is nothing really going on typically, vacation time, and they come back in September.
I’ve done this professionally for 28 years. And one thing I certainly can tell you, is that my colleagues and I are far more conservative than the DYI crowd, day traders, because we know that crap does NOT work. Of all the guys that I’ve worked with over the years, we all stick to market disciplines that have always worked, and we forego trying to strike it rich. We’ve seen countless colleagues and investors blow up that way.
Fact is, look at just about every global market index, other than SP500/Nasdaq, and for 3 years returns have been nearly zeroish.
IMHO, once this election is over and covid gets buried, there’s quite a bit of global equity upside. Also, it’s about time for value investing to come back into favor after growth having lead the way since 13/14.
I’ve been through massive market volatility handling hundred million in assets over the years. Money is not made by gambling, it’s lost. But the house wins.... and it’s the house that runs all of financial journalism.