Don’t Fear Record Highs
“Be fearful when others are greedy, and greedy when others are fearful.” – Warren Buffett
The S&P 500 Index has trended higher in an unusually persistent fashion recently. The benchmark has notched 10 record-high closes over the past four weeks, including four straight through November 18.
It’s human nature to get nervous when market conditions are too calm, especially with an uncertain outlook and an aging bull market. However, we urge investors not to lose sight of their goals.
As shown in the LPL Chart of the Day, the S&P 500 has consistently powered past record highs.
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