Investors are so scared. They don’t want to get burned. They’ve missed out on one of the greatest stock market rallies in history. They think it’s too late for them to be buying stocks.
Here’s the thing. I think we’ve barely even gotten started. This is the beginning, not the end.
Last week the Volatility Index saw its highest reading ever with the S&P500 within 5% of new all-time highs.
When people buy insurance at a faster rate than ever before, does that normally happen just before everyone is thankful they had that insurance? Or does that traditionally occur just after the disaster when it’s not necessary anymore? [Read more…]