Could The Sky Really Fall and Does It Really Matter? – Q1/2015

Psychology can be pretty weird sometimes. Mostly, the weird stuff really comes out when stressful times are upon us. Think 2000—2002 or 2008 or financial stress. If one were to revisit the financial headlines we would find them pretty funny if not stupid—with the benefit of hindsight. Negative news, constantly repeating, has a compounding effect that causes investors to panic and do exactly the wrong thing at exactly the wrong time. Back in the early 70’s, I can remember Walter Cronkite saying just about every night: “well the stock market went down again today…” If it wasn’t the market, then it was oil prices heading heavenward…
Read our First Quarter Newsletter for 2015.