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The market finds bottom, at least for now.
It is day three of the GenWealth Financial Advisors trip to Chicago, and what an eventful trip it has been. We have a lot to share with you over the coming weeks, but we wanted to take the time to update you on the market and what we are hearing from the top investment strategists at LPL Financial Research. As John stated this morning in a live interview from Chicago on 103.7 the Buzz, this is not a bear market that has been driven by economic fundamentals. It is a downturn that is rooted in a lack of confidence in the leadership (or lack thereof) in Washington, along with continued concerns about Europe. Today, we heard from LPL’s Chief Read more…
Hello from Chicago, site of the LPL Focus 2011 conference. Janet, Matt and I are staying on top of the happenings in the markets, and have been in meetings with LPL Research people today in light of the downgrade of US debt by Standard and Poors on Friday. As we anticipated, market reacted negatively and continue to do so as of this writing at just after lunch on Monday. While no one likes to see the wild fluctuations in values like we have seen in recent days, it is good to know that we have structured your portfolios, especially through the income for life model, for times such as these. Read more…

