FYI: (Slide mouse to 32:25 minutes for Jean Young interview.)
James Abate, chief investment officer at the Centre Funds, said that conditions exist right now which could justify a correction of as much as 30 percent, but he noted that because market valuations are a big part of those dangerous conditions, any big decline is likely to be a long-term buying opportunity, as the strong underlying economy should ultimately keep the market buoyant. Moreover, while Abate can see a potential decline, he is not sure there is a current catalyst to spark it. Also on the show, Tom Lydon of ETFTrends.com talks about IPOs, Nalika Nanayakkara of EY Americas discusses how many financial-planning clients want to change their advisers, and Jean Young of the Vanguard Center for Investor Research discusses why so many people are moving into ETFs.
Regards,
Ted
https://www.stitcher.com/podcast/moneylife-with-chuck-jaffe/e/60732188?autoplay=trueStudy: Early ETF Adoption Among Self-Directed Investors:
https://pressroom.vanguard.com/news/CIR_ETF Adoption.pdf