Well, the S&P officially entered bear market territory yesterday.
How significant a development is this?
Does this mean those waiting for a relief rally will be disappointed?
Is now the “last chance to sell” before prices plunge further?
Financial advisor Lance Roberts lays out the probabilities and shares how his firm is trading the recent volatility.
He also reveals that he’s concerned enough about the outlook for the housing market that he’s putting his own home up for sale, and plans to rent for the next several years — hopefully buying back in again at substantially lower home valuations.
For a wide-ranging discussion on all that mattered in the markets this week, watch this new Weekly Market Recap with Lance Roberts.