One of the things we’ve learned in our business is that when virtually the entire investment world is absolutely, positively sure something is going to occur, not only does it NOT occur but the opposite usually does.
Occasionally these are called “bubbles,” like the tech-stock bubble when everyone was convinced tech stocks would only go up forever. In 2000, you could hardly have a conversation with anyone without hearing how much money they made in tech stocks just in the past week. Needless to say, that ended badly, since tech stocks plunged 70%.
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.