The End of Equities Circa 2008 (not).
Before doing anything else, click on the picture above (twice) and note the date of that headline. On such an “interesting” day in the US and foreign equities markets, it’s important to remember that “The Death of Equities” wasn’t true in August of 1979 and is not true today. The very wise and noted financial author, Larry Swedroe, has recently written that “Bear markets are periods that transfer assets from those without strategies and weak stomachs to those with strategies and the discipline to stay the course”. Very important words to remember on a day like today. It’s simple: if you sold or felt compelled to sell, your asset allocation did not pass the stomach acid test. Time to rethink your strategy and risk tolerance.