On a weekly basis, at least one of the main market averages hits another all-time high. But the bears continue to expect a correction. Will they ever be right? Sure, but playing for a pullback is a losing proposition most of the time. You may get it right eventually, but the opportunity cost of staying on the sidelines can be, well, costly, as the bears are discovering this month. A much better way to prepare for the inevitable next market correction is simply to reduce your risk by adjusting your portfolio. That might mean trimming back your more aggressive holdings…
Insights & Advice
Tag: bearish
Fewer hedges, more health care
Dalton — The U.S. economy lost 20.5 million jobs in April, bringing the unemployment rate to 14.7%. That’s the highest U.S. unemployment rate since World War II. During the Financial Crisis, the unemployment rate hit 10%, but until now, the previous post-war rate was 10.8% in December 1982, at the bottom of a 16-month recession. To put that in perspective, in the last couple of months, not only did the U.S. lose nearly four times as many jobs as during the Great Recession, but we lost more jobs than we had created in the decade-plus since the Great Recession. Yet…