Last week the marked endured its worst trading day since the election. Stocks were in a free fall. The President may get impeached they said! Trumps plans, which were the excuse for the massive post-election rally, will never come to fruition. The market is headed sharply lower. The top is in!
One week later, the market is at new record all time highs. Stocks didn't just bounce, they recovered their losses... and then some! Just like they did during the election last November. Just like they did during Brexit last summer. Just like they did when Ebola was supposed to kill us all. Just like they did when Greece was going to take down the entire global financial system in 2011, 2012, 2013, 2014, 2015. We can now add Impeachment to the list of named sell-offs.
The long awaited market crash has yet to arrive. And in reality should you even worry about it? When the market crashed in 2008/2009 the pundits were telling you to put your money under a mattress, when in reality it was the best time to be buying stocks.
The named sell-offs remain tremendous buying opportunities.
and even if we do finally get that market correction, or even a collapse like we saw in 2008/2009 and 2000, odds are prices will recover over the long term.
Even if the market crashed 50% tomorrow, prices would still be 100%+ higher than they were in 2009.