Beware of Potential Black Swans
What a difference six months makes. In early August, I was fielding calls from my clients convinced that their retirement savings were headed down a sinkhole due to a September-2008 style meltdown. The market Cassandras were out in full force predicting a double-dip recession in the U.S.
Fast forward six months, and the mood has now changed to cautious optimism. The U.S. stock market has embarked upon a slow and steady run upward since the new year. The Market Volatility Index (VIX) has tumbled below 20. Fear is slowly transforming into greed....779 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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