Just like clock work, market participants tend to overshoot at each end of the spectrum. This time possibly raising expectations too high.
This chart from a fellow wordpress blogger, Macro Monitor, shows not only the losses during the latest recession, but also if you look to the very far right (latest data) and see the nice blue bars rising steadily, until the Friday dose of reality report, you can see how many participants were sucked into believing all was clear.
We are not saying the clouds are turning dark and all is lost, just keep a reasonable perspective is usually helps in investing.
Have a Great Day!
JK
214-706-4300 www.jkfinancialinc.com
