Encore blog post.
My husband and I used to have this running dialogue when I got home from work. He’d ask “What did the market do today?” and I’d reply “I don’t pay attention to the market, I pay attention to my clients.” It’s true, what benefit does the market derive from my attention? Does it grow? Does it flourish? No, it just does its thing which, over decades, is an upward kind of jig.
It’s important to remember that the stock market is a reflection of all of our thoughts and behaviors. If we are all feeling very cautious, and holding money in cash rather than investing it, the market will get depressed because no one’s coming out to play with it. Conversely, if enough of us go to the market (which typically only happens when we’re quite certain the risk is reasonable), the market will rise on the tide of our…
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