Despite all the dramatic day to day turmoil in the markets all but two of our ETFs are still within 5% of their highs. That’s right, almost all markets are only 5% off their highs, and that’s where we were about two months ago. The markets aren’t moving higher right now but they certainly aren’t moving lower either. They just seem to be treading water. Or as the market “technicians” would say, trading within a channel.
It seems hard to believe with the increased volatility that the markets are basically the same price they were two months ago, but that is the reality of the situation. This is why it’s important to focus on the long term and not become enamored with all these short term market swings. As might be expected from the above comments all of our ETFs Long Term Trends continue to be Up.
