Stock Market Musings

Here’s a 20-year ‘big picture” chart that I have made annotations on concerning market trends and corrections. It’s interesting to note that recent corrections —like we saw in 2010, 2011, and 2016— were usually driven by Federal Reserve policy and related news. Interestingly, corrections of any significance since the 2009 market bottom have NOT been driven by terrorist acts, political events, or international catastrophes (manmade or natural). We have...