Name:   MAJ USA RET - Subject:   Now's a good time to walk your horse Date:   12/26/2018 5:38:39 PM

Umph! Up 1000 points in one day.  THAT’s not permanent.  It just puts off the inevitable.

What really makes me grimace, is the way the media attributes a rise or fall to some single event or government action.  For example (fictional):  “Today stocks took a downward dive over President Trumps announcement that we are withdrawing from Islamistan.  Investors are shuttling their money towards bonds and currencies.”   Yep! I got that.  What an absolutely worthless proclamation.  There is NO useable information in a statement like that.

The stock market NEEDS a correction.  Am I happy my portfolio is up very nicely… of course.  Am I confident that I am going to be a big winner again next year… not so much.

PS:  for those of you over 70, your RMDs may be just a little too ripe next year.  Stick to your rules when deciding on discretionary distribution taking.