Don’t Look Now But…
Even with all of the bad headlines, the pundits’ fear mongering, sovereign debt woes in the EU, Greece and the predicted Mayan Apocalypse, many markets are at or near all-time highs.
Below you will find a chart showing the S&P500, Small caps as represented by the Russell 2000 Index, and Mid-Caps as represented by the Russell Mid-Cap Index.
Markets are highly efficient at pricing in new information. If it’s on the TV or in the newspaper, it’s hardly new to Mr. Market. This is another reminder to focus on what we can control; namely risk tolerance, fees and taxes.