What Did You Expect?

U.S. stocks are down almost 10% since they peaked September 20^th and some investors are starting to act disappointed and concerned. To them we say, “What did you expect? Stocks have increased in value almost nonstop for over nine years. Were you expecting that to just continue and continue?”

Did you honestly think that a compound annual rate of return of almost 17% indefinitely is a realistic expectation? Here is a picture of the nasty period since September 20^th.

This information is provided for general information purposes only and should not be construed as investment, tax, or legal advice. Past performance of any market results is no assurance of future performance. The information contained herein has been obtained from sources deemed reliable but is not guaranteed.