I’m not a history buff for the most part, but times like these remind me of the famous quote by FDR: “The only thing we have to fear is fear itself.”
As I was thinking about what to post this week, I heard the news that Iran launched a military attack on a US base in Iran.
The futures market for all three indices sold off significantly immediately following these developments.
Could this continue to escalate further?
Of course it could.
However…there is one thing I want you to know.
We don’t care.
Now of course I’m not talking about our troops. We absolutely care about their safety! What I’m referring to is the market volatility that this type of geopolitical event may cause.
One the one hand, it’s unfortunate that an event like this is taking place. On the other, it will help new – and possibly not so new – investors, by strengthening our ability to sound out the noise.
I have no idea what will transpire over the next 30 days.
I do know that the next 30 months will probably be higher than where we are today – in fact, significantly higher.
I must warn you in advance that the media will take news of market volatility related to this conflict and sensationalize it to the highest degree.
Don’t get me wrong, because these events are very serious. I just don’t want you to let headlines scare you into selling.
Over the last 100 years, we have seen multiple world wars and other geopolitical events. Guess what happened to the stock markets.
They fell and came back every time.
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