The Prudent Retiree - January 6, 2016
HAPPY NEW YEAR
The market is ugly right now. The volatility of 2015 looks to be continuing in 2016. The same issues – concern about China’s economy, conflict in the Middle East, the price of oil, speculation about how fast the Fed will tighten – are all still there. Daily headlines are causing huge swings in values.
What should you do? We do not believe the market is at the cusp of a 2008 collapse. This seems to be a nasty correction. No telling when it will end. Panic is your enemy. We will keep you informed. Please call with any questions.