FYI:That unsettling start could have a salutary effect. It provides yet another reminder that investing in stocks is inherently risky: Unless you are prepared to accept losses, you should not be in the market. In interpreting the week’s news, it’s also worth remembering that a few days or even a month of stock returns will not tell us much about where the market will be a year or more from now. In fact, although everyone would like to know where the current gyrations will take us, the unpleasant truth is that there is simply no reliable way to foretell the short-term path of the market.
That unsettling start could have a salutary effect. It provides yet another reminder that investing in stocks is inherently risky: Unless you are prepared to accept losses, you should not be in the market.
Regards,
Ted
http://www.nytimes.com/2016/01/10/your-money/one-market-prediction-is-sure-wall-street-will-be-wrong.html?ref=business
