Financial Opinion and Insights

Media Investment Advice or Financial Entertainment

It’s interesting to look at what the media was saying during the depths of the market meltdown, when the S&P’s annual return by the end of February 2009 was -45.2%%.  Guess what the headlines were.

Jim Lorenzen, CFP®

Jim Lorenzen, CFP®

On December 2nd, MSNBC:  “Damaged investors could slow recovery… is going to be a long haul.”

On February 2nd, Market Watch:  “I have pushed my expectations for the next bull market out to next year.  Based on a simple chart reading it was not a difficult conclusion to reach.”  [I like the ‘not a difficult conclusion’ part]

On March 8th, USA Today:  “Stock market recovery likely will be years in the making.”

I guess that scared a few investors out of the market.   But, when you look at what happened the following year, from March 1st 2009 to February 28th, 2010, the S&P was up 53.6%.

So much for investing through a rear-view mirror.