Eran Peleg, CIO
Before You Get Overly-Pessimistic
Eran Peleg, CIO December 10, 2018
The last couple of weeks/months have been tough for financial market investors. Many people have been gradually losing confidence… sentiment is quite poor… investors’ willingness to take risk is vanishing…
S&P 500 – Year to Date
And there are some causes for worry. However, before you get overly-pessimistic, just remember that sentiment (including your own) is a tricky thing.
For example, at the start of 2017, investors were feeling good, confident (remember this:http://www.claritycap.com/index.php/insights/item/292-the-market-risk-that-no-one-is-talking-about ) -- and see what happened later…. A pretty bad year.
Investor sentiment is not a good predictor of future market performance.