Fear has Finally Hit the Market

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As we approach the closing weeks of summer, the resiliency of this market has been incredible. We have only had one down month (April) for the entire year and are overdue for a pullback. August and September are typically a weak time for the market, and uncertainty over the election and the overall health of the economy will more than likely add to this weakness.

 

At this point, we remain bullish and only see a correction on the horizon. However, it is important to keep in mind that corrections can be difficult even for the most ardent bulls. There is no holy grail to successful investing. Success comes from owning companies with strong earnings and healthy balance sheets and holding for the long term. At times it can be tempting to try and time this market by getting out at the top and back in at the bottom, if it was only that easy. The old axiom still applies “success comes from not timing the market but time in the market”.

 

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