Let’s not get too excited about Dow 38,000. Your Survival Guy remembers when we hit Dow 10,000 in 1999. As you can see, we crossed that bridge again and again.
What’s always amazing to me is how short the average investor’s memory is (you’re not average, dear reader). Look how long it took for Dow 10,000 to gain some terra firma. Then, look at how long it took for NASDAQ. Not pretty, as an entire generation was lost to price wars—prices were stagnant.
With the so-called Magnificent Seven running a third of the show for the S&P 500, let’s not forget that diversification is discipline.
Action Line: I believe in you. Let’s talk.
Originally posted on Your Survival Guy.
