Disconnect Between Economy and Markets?
In a recent newsletter post in mid-March of this year I urged readers to do the most difficult thing during a time of incredible upheaval in financial markets - nothing. The markets bottomed just a couple days later and since then are up greater than 40%. Hopefully if you read my newsletter that week you also either heeded my advice or did nothing to change the direction decided on when you dispassionately planned for your retirement. Regardless, the lesson we again learned is that control over emotions is more important than financial sophistication when investing.