The fourth quarter has been a historic one for the stock market. As I write this, equity markets are down nearly 20% from their highs in September. One of the most obnoxious things I’ve seen lately is the thought, “Stocks are on sale! By buying at these prices, you are getting the same asset for 20% less than a few months ago!” First, this comment implies that at 100% of the price, stocks had a […]
Archives for December 2018
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