Paul shares an article from the Wall Street Journal called “The Future Is Bright if You Know Where to Look” that talks about a need for more optimism about the economy and markets. Paul and Ira talk about the 90s when bad news was actually good for markets and why bad news today can cause markets to go up because it means the FED won’t keep getting involved to curb inflation. Paul wants investors to know that optimism is important to investing but can be used against investors to encourage market timing. Later in the show, Paul talks about how annuity issuers are struggling to get loans from banks because of their risk products.
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