Market Returns

I'm having to change directions a bit this week regarding posting here as a few meetings have unexpectedly been put on my calendar the next few days.  We'll start talking about what stocks may be telling us on Wednesday.  That's when I'll discuss what I think is the highest probable scenario for the markets over the rest of the year.  

In the meantime people tend to forget the long-term picture when we're having periods such as October.  This chart from Pension Partner's Charlie Bilello over at his twitter feed shows performance of all three major US indices over the past decade.  If you'd only owned these three indices during that time you'd be up on average of 16.24%.  You had to endure a few drawdowns during that time and some periods of uncertainty but the long-term results are stellar.

Something to chew on in the next few days.  

Finally, I want to say to all, and especially younger readers, to please go vote.  Good people gave up their lives in too many wars so that you could have that very special privilege.  If for no other reason than to honor their sacrifices please go to the polls tomorrow or participate in early voting if you still can.

*Long ETFs related to the S&P 500 and Nasdaq 100 in client and personal accounts.  Long ETFs related to the Dow Jones Industrial Average in a few accounts as legacy positions.  Positions may change at any time without notice or publication on this blog or on any other form of media.