On April 27 we shared a Special Market Alert entitled “Escalators, Not Elevators”. Why does investing in the stock market, also add the bond market this year, feel like taking an escalator up, and riding an elevator down? Rising markets seem to be slow upward climbs, like an escalator; the rise occurs over extended time (months and years). But a correction or bear market, defined as a decline of -20% or more, occurs quickly (days and weeks, or months), like riding an elevator down. It seems to take a year to earn 10% in a rising market, but a few days to lose 10%. The elevator experience is always uncomfortable and creates anxiety. Yes, anxiety for us too as we manage client accounts with great care and effort.
Monthly Archives: September 2022
Behind in the Count – September Commentary
Challenges exist for anyone playing sports when they are “behind in the count.” It’s a common experience for all athletes. Pressure builds for example, when batting with a count of “no balls and two strikes”, or behind in the football score 21-0. No competitor likes being behind, and extra effort may be pursued to bring about a positive winning outcome. Competitors strive for opportunity to succeed. Isn’t that the way with most things in life – pursue success, not failure?!