Bull Run 10 Year Anniversary
Yesterday, 3/9/19, marked the bull run 10 year anniversary in the US stock market. On March 9, 2009, the S&P 500 Index (SPX) hit a low of 666.79.
We are often asked by our clients about where we see the direction of the stock market. This brings to mind a great quote by Warren Buffett, “Forecasts may tell you a great deal about the forecaster; they tell you nothing about the future.”
That being said, it is hard to ignore history as we continue on the longest bull market run in American history. Where we are at now is concerning but the good news is that we are not stuck with a binary decision, either buying all or selling all. You have the option of taking portions of your portfolio and hedging your risk.
What are you doing to hedge your risk?
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