The Long Awaited Market Correction
The recent sudden and significant drop in global stock markets has many investors on edge. With memories fresh of continuous equity highs, retail “mom & pop” investors as well as professional money managers seemed to be caught off guard by this stock market correction of about 10%. Not us. As written in our Year-End 2017 Investment Insights: “... while we are “running with the bulls” for now, we are still somewhat cautious (with lower stock positions than normal) compared to other upbeat money managers ... This is in light of high stock valuations and the potential for lower returns going forward, along with rising interest rates and possible declining bond prices.”