We’re at the mercy of central banks. That’s the bottom line message, stemming from the October – February trading period.
Just stick your money into an index fund and you’ll retire comfortably: that’s the cliché we hear from money managers and old-school investing commentators all the time. That might have been true at one time in history, but can we continue to count on the stock market to deliver us a comfortable retirement?
The S&P 500 is tied for its 2nd best performance since 1990. Only 1991’s January/February trading action has been better.
The middle class is furious and I totally understand their frustration. Any government that cheats its most significant demographic is going to have to meet its maker at some point.
In life, as with investing, cause and effect aren’t instantaneous, but inevitable. The currency crisis doesn’t have to happen today, but it is, nonetheless, imminent.