On Monday, here during our August review, we warned that the markets had finally gotten too far ahead of themselves as investor became overzealous and somewhat dismissive of risk.
From the Post …
Gone Too Far
You know us to be very positive – all through the many negatives that have occurred !
You also know we will call it like we see it!
Markets have officially gone too far and are ahead of themselves, expect bumps and no extra risk taking is warranted at this time – CAREFUL!
It is very unlikely that the Markets just turn and fall like a knife, we are more concerned for the next three to six months or so … not three days later …
That being said, it does show that there is significant risks as those who were in “Fear” earlier in the year are now in “Fear of Missing Out” (FOMO)
Time will tell and this is not an exact science – but we are building some great content for our coming Newsletter as we type this … carefully building content as the fast paced markets have trashed several of our big Newsletter writings and made them old news as what we said “Could Happen” occurred before we could let you know…. All good!
Ahhhhh …. but today is a Friday heading into a much Welcomed long weekend…
Happy Labor Day!
Enjoy and be sure to spend time with those special… if you can safely!
John A. Kvale CFA, CFP
Founder of J.K. Financial, Inc.
A Dallas Texas based fee only
Financial Planning Total Wealth