“Off The Wall” Blog
Unique, straight-forward, unfiltered opinion on topics of concern for individuals with newfound wealth.
The Current Situation
By David B. Armstrong, CFA | Oct 11, 2018 | Weekly Market Commentary
Based on the current situation (writing as of 10pm Wednesday night with futures showing more selling on Thursday), stepping in to buy at these levels is hardly an easy choice. But, the reality is shocks like the one yesterday coupled with the past few days have a hard time lasting in the current economic environment.
People are still plagued by the trauma of 2008. Ten years later, even after the incredible gains off the March 2009 low, there are still those with a hair trigger who think any setback is the beginning of another 50% sell off. While some further lows are not out of the question, it’s hard to see a catalyst for a sustained push lower like the one that came today.
Charlie Bilello of Pension Partners has this epic tweet…
Look, investing is hard. It’s hard because it’s emotionally difficult to see money shrink. It’s emotional because as humans we are programmed to DO SOMETHING even when the smart thing is to do nothing.
Remember this – for every single share of stock that is sold, there is someone buying that share. Are the foolish ones the sellers or the buyers?
Keep looking forward,
Important Disclosure Information
Please remember that past performance may not be indicative of future results. Different types of investments involve varying degrees of risk, and there can be no assurance that the future performance of any specific investment, investment strategy, or product (including the investments and/or investment strategies recommended or undertaken by Monument Wealth Management), or any non-investment related content, made reference to directly or indirectly in this blog will be profitable, equal any corresponding indicated historical performance level(s), be suitable for your portfolio or individual situation, or prove successful. All indexes referenced are unmanaged and cannot be invested into directly. The economic forecasts set forth may not develop as predicted. Due to various factors, including changing market conditions and/or applicable laws, the content may no longer be reflective of current opinions or positions. Moreover, you should not assume that any discussion or information contained in this blog serves as the receipt of, or as a substitute for, personalized investment advice from Monument Wealth Management. To the extent that a reader has any questions regarding the applicability of any specific issue discussed above to his/her individual situation, he/she is encouraged to consult with the professional advisor of his/her choosing. Monument Wealth Management is neither a law firm nor a certified public accounting firm and no portion of the blog content should be construed as legal or accounting advice. A copy of Monument Wealth Management’s current written disclosure statement discussing our advisory services and fees is available for review upon request.
David B. Armstrong, CFA
President & Co-Founder
Dave got into the industry when he discovered his passion for finance in his mid-20’s. He’s a combat veteran and served as an officer in the United States Marines Corps on both active duty and in the reserves, retiring at the rank of Lieutenant Colonel. While serving on active duty, Dave was unable to spend money on deployments, so he became a self-taught investor. Along with a few bucks cash as a bouncer, his investing performance grew to be good....
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