Market Highs: Is it "Fake News"?

Market Highs: Is it "Fake News"?

August 31, 2017

You hear the term ‘Fake News’ thrown around a lot these days.  It makes sense—our media has been caught in lies, and celebrity culture threatens to overtake more important things.  But beneath the term ‘fake news’ is something deeper: an argument about what works.

What do I mean?  Well, you might think of it this way: when is bad news actually good news?  When it validates your point of view.  If you say something won’t work, it’s easy to fall into the trap of hoping it doesn’t. 

This is true in much of what is said about the stock market these days.  Fans of our new president cite a ‘Trump Bump,’ ascribing this current market rally to the candidate they supported.  Detractors, on the other hand, are afraid the market is vulnerable to a less-than-thoughtful tweet.  Facts abound, and no one agrees about them.

What’s the real news about the market?  In other words, what works?

The truth won’t surprise you.  We should do some of the things we’ve always done, and we should also try some new ones.  The same personal behaviors that helped past generations succeed are still useful today, but the particular risks you face—those are different. 

Do you have a plan that takes into account market highs?

Have you thought about how long people are living these days?

At Goostree Financial Group, we believe the ‘real news’ involves the combination of tried-and-true positive behaviors with the problems of the present.  Choose wisdom over hindsight.  Drink responsibly