Butting Heads with your Broker
Written By: Tom Hankes | Posted: Thursday, May 31st, 2012
When the selling gets intense, emotions run high, so plan ahead
I stuck my neck out in the March issue and suggested that the VIX volatility indicator was telling us trouble was on the horizon. The timing was pretty good. The market is down modestly so far about 7-8% since peaking on May 2. But we're just in Act one of about a four Act play that will last several years. Investors haven't even broken a sweat yet. Advisors are polishing the brass hardware on the Titanic. Most think we're just in one of those "healthy corrections" and the upward trend will soon continue.
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