Tuesday, October 16, 2018

October's Revenge


Evening Falls
October 15, 2018
I reflected back on the beginning of October and I recall 80 degree days and warm temperatures. 

Things have significantly changed.

Yesterday was cool and gray. Very gray. Like the economy and the stock market.

We are facing another day where the high is going to top out at 60 and the low tonight will be in the 40s. Similarly, the stock market will likely drop again. 

Brrr. Winter is on the way both in terms of the season and the economy.

It has been very cold lately with stocks dropping like a rock. 

That is the fallacy of forcing people to fund their retirement plans through investments instead of pensions. When the market bottoms out, retirement funds evaporate.

In our current situation, the meaningless trade war is really reducing the value of investments. 

Hopefully, change will arrive soon. I long for the warmth of the sun and the rising tide of the markets.

-- Bob Doan, Elkridge, MD
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