Was That The Correction?

Was That The Correction?

Did you see that stock market correction? If you blinked you might have missed it. Although, more than likely, you were perfectly aware of it and it started to hurt just a little.

Of course pullbacks are never fun, but they are necessary. In my November 15, 2019 commentary, ARE YOU A LITTLE TOO HAPPY? I welcomed a correction because the market had gotten a little ahead of itself, and I predicted that we would see a correction soon. I recall stating the following, “Now, I am not calling for a calamity here. It may only be 1-3% or it may not happen at all. However, I would prefer something in the range of 3-5%.”

I got what I wished for. From November 27th to December 3rd, the Dow dropped 3% from high to low.

The question now begs is it enough? Given that December is traditionally the best month for stocks and with the economic backdrop fairly positive, I think it will be enough.

Naturally, we must approach this optimism with confidence. Particularly retirement investors must always be cautious even when optimistic. After all, you cannot replace this money at this point in your life. It is ever more critical to get the very best returns but with the least risk possible. These are the things we help our clients with every day.

If you would like a free 2nd opinion on your portfolio and or help with your overall Retirement Master Plan, just let me know and we will set up a free no-obligation consultation for you.

Keith Springer


Smart Money Newsletter

Written By: Keith Springer

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