We were hoping for Santa Claus and thus far all we have gotten is Scrooge. The market is simply in a foul mood and nothing seems to be shaking it. Yesterday we got what we were all wanting and expecting when the Federal Reserve (Fed) raised rates a quarter of a percentage point and then…
What are we to do? When markets move downward it is important to keep things in perspective. We are prudent investors not traders, so it is the long term that matters. Prudent investment is done from the ground-up: know what you own and why you own it. The companies we own are doing well, and ultimately their stock price will reflect that reality.
