Today was the 11th birthday of the start of the current BULL MARKET. However no one was in any mood to sing. While we all washed our hands more than normal today, the reality of Coronavirus and now Crude Oil War fears wrecked havoc on the markets.
What started on March 9, 2009 at 6,547 on the Dow and topped the charts on February 12, 2020 at 29,551, plunged today by more than 2,000 points to close at 23,851. This means we have declined from the previous high by 19.3%. We are a cup of coffee away from a BEAR MARKET, which is defined as a 20% drop from a top.
While the vast majority of our clients are down much less than the Dow decline, you still may find yourself asking, “what does all of this mean for me, my long-term portfolio and my goal of generating sufficient income in my retirement years?”
We want to deal head on with questions like that and more! Please do arrange your schedule if possible to join us for a very important webinar/call with Symmetry Partners on Tuesday, March 17th at 11:00 AM eastern. Please review the below invitation and use this link to register: REGISTRATION LINK: Henry WM and Symmetry Partners Webinar: Market Corrections, Coronavirus and the Election Cycle
If you are unable to join the call we will be recording it and plan to release a replay soon. Please also reply to this email with any questions you would like our panelists, Patrick Sweeny and Dana D’Auria of Symmetry Partners to address.
Of course, we are available in the meantime to speak with and/or to schedule review meetings with you. Thank you.