Some people actually think this world is just filled with rainbows and butterflies and stocks are always supposed to go up. I never understood that ignorance. Sometimes stocks go up, sometimes they go down and sometimes they go sideways for a while. It will take you less than 5 minutes of market history research to understand this very simple fact.
Of those 3, I would argue we are in the ‘sideways for a while’ category in U.S. Stocks, particularly the S&P500. [Read more…]