I was definitely curious. When the absence of volatility we saw during the first half of 2015 ended, would the stock market correct or would the rally continue?
We now know the answer.
There is good news in my opinion.
I lack for a crystal ball to pick a bottom. But I do sense that the discounts broadly available in the market make the prospects for adding long term investments attractive.
When you buy closed end funds at wider-than-average discounts, there is a prospect to benefit when the discounts “normalize” to historical means.
That prospect can augment the long term benefits of net asset value returns in various asset classes.
Greed and Fear
I’m a believer in the old market adage: Be fearful when others are greedy and greedy when others are fearful.
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