The moon has been an important subject in English poetry dating back to Chaucer in the 14th century, who was an astronomer as well as a poet. There is a crater on the far side of the moon named for Chaucer.
I’m not going to deter anybody from getting invested to fund their retirement, but I will try to steer you away from using rules of thumb that are likely to be contrary to your ultimate goal of living your best possible retirement.
When it comes to the movement of stock prices and how those prices reflect fundamental data, good vs. bad is largely irrelevant. What matters is not good vs. bad, but better vs. worse.
The average daily volume for high yield bonds has fallen 18 percent from two years ago, and the average daily holdings have dropped 80 percent from five years ago.
Waterfall declines are typically not the final low; the Dec. 24 low might need to be retested—might. We’ll watch the breadth over the next few weeks to assess if the rally is sustainable or if portfolios need to get more conservative to defend against a retest.
