Great article this weekend from Josh Brown of thereformedbroker.com. Here’s a taste:
You are going to run into people who are so certain of what higher volatility means for the markets that it’s as if they are reciting their own name and phone number. Be terrified of their indefatigability about a topic like this. Imagine the sheer arrogance and borderline mental illness required for a person to assume that they can accurately foretell the actions of a hundred million investors around the world.
You will come into contact with investment professionals who give you direct, unflinching answers about what the impact of higher rates will be on the stock market. Despite the fact that a million other variables will simultaneously inflict their own unquantifiable influence on outcomes for each of the components of the Dow Jones, the S&P 500 and the Nasdaq Composite. Be terrified and slowly back away, for you are talking with an undeniably unscrupulous or insane person.
Read the whole thing: www.thereformedbroker.com