The good news is that over the last eight years, we have seen tremendous growth in the stock market. This has allowed many of you to make up for your losses in 2008 and then some.
Yet, when markets experience a prolonged upward climb, the result is stock prices at higher and higher levels. You know the old saying – “buy low and sell high”. Well, right now, markets are definitely “high”.
Historically speaking, when prices are so “high”, it means that performance over the next several years is poor. And the article below sums this up nicely.
Please take a moment to read it. It isn’t long and it’s well written. It may be a great time to “lock-in” some gains.