Beware of Forecasting Season
January means it’s time for the media to pronounce its always-bold, never-remembered New Year’s predictions. You will see, hear, and read grand prognostications. They have a general bias to provoking fear. Take them lightly.
How to Approach Down Periods in the Markets
In the short term, markets are about Psychology;
in the medium term, they are about Economics;
and in the long term, they are about Valuations.