Summary
As Mark Twain put it, "The stock market is a device for transferring money from the impatient to the patient."
First and foremost, the market had gone up almost continuously for five years, without a meaningful correction. "Correction" is not just a euphemism; it is defined as a market pullback of 10 per cent or more.This is the so-called "subprime" lending industry, whose collapse is a significant factor in the current market correction.See the full content of this document
Extract
Markets Will Try Your Patience
Dollars and Sense / David Christianson
A few weeks ago we talked about the value of diversification and I strongly encouraged you to re-evaluate your investment portfolio asset mix at that time. My suggestion...See the full content of this document
If you are already a vLex customer, access here