Let’s talk markets. This current market makes no sense, and the stock market is completely overvalued based on every historical measurement going back to 1929. And, unfortunately, this run is going to end very badly.
For reference, take a look at Black Friday, a shortened trading session that typically does not have a whole lot of volume. For a variety of reasons, you usually do not see much action in the markets on the day after Thanksgiving. That was not the case this year. Black Friday was a rather chaotic session that saw a sharp decline in the Dow Jones Industrial Average. The following Monday saw a rebound, only to get smacked again on Tuesday before a roller coaster ride on Wednesday.
With this kind of market volatility, investors need to proceed with extreme caution. How does one do that? Host Lou Scatigna, CFP explains in this segment from The Financial Physician.
Your financial advisor is like your doctor. You better have the right one, or you are going to be in trouble.