• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Skip to footer
Roots of Wealth

Roots of Wealth

Roots of Wealth Blog with Dan and Maureen Crimmins

  • Home
  • About
  • Events
  • Firm Website
  • Free Guide
  • Videos
  • (201) 785-7660
  • Email

Welcome to Roots of Wealth. A financial blog focusing on life, planning, and interesting information worthy of sharing with you.
Roots of Wealth is proudly managed by Crimmins Wealth Management Located in Ramsey, NJ.
Visit Our Website

The “Idiot-Maker” Rally

April 18, 2013 by Maureen Crimmins 1 Comment

As newspaper headlines now scream forth with stories and statements that the stock market has reached levels above the previous highs set before the great recession of 2008-2009, I think back to what investors had to endure to have remained invested during this time.   For numerous “experts” have been warning investors that the rally from a Dow 6,500 to its current level of above 14,000 could not happen.  This is an all-to-predictable occurrence and staying invested is the only way investors benefit from stock ownership.

Today's headlinesThe attached link to a Business Insider article shows some of the so-called experts and their predictions on the fate of the stock market over the last 4 years.  Notice under their quotes,  the level of the Dow at the time of their prediction and where the Dow now stands.   I think this is worth reviewing and remembering, because as investors, you will be subjected to more of these type of predictions as your investment years unfold.  

Because with this group, being wrong does not seem to faze them.  So remember to stay focused on the long-term and the historic understanding that the stock markets have always had temporary declines and permanent increases.  

Click the silver button below to access the article from Matthew Boesler – “The Idiot-Maker Rally: Check out all the gurus that have been made to look like fools by this market.

[button link=”http://www.businessinsider.com/dow-jones-idiot-maker-rally-2013-3?op=1″ style=”tick” color=”silver”]The Idiot-Maker Rally[/button]

 

Have A Wealth Management Question? Click Here To Ask Dan

 

Share this:

  • LinkedIn
  • Twitter
  • Buffer
  • Email
  • Print
The foregoing content reflects the opinions of Crimmins Wealth Management and is subject to change at any time without notice. Content provided herein is for informational purposes only and should not be used or construed as investment advice or a recommendation regarding the purchase or sale of any security. There is no guarantee that the statements, opinions or forecasts provided herein will prove to be correct. Past performance may not be indicative of future results. All investing involves risk, including the potential for loss of principal. There is no guarantee that any investment plan or strategy will be successful.

About Dan Crimmins

Dan Crimmins, co-founder of Crimmins Wealth Management, is a financial coach and fee only financial planner. Have a financial question? ASK DAN

Reader Interactions

Trackbacks

  1. Don't be fooled by Negative Journalism | Roots of Wealth says:
    September 9, 2013 at 10:42 am

    […] This article is similar to the video that I attached a few months ago “The Idiot-Maker Rally” showing the TV commentators with their stellar predictions.  Click here to see that post.  The Idiot-Maker Rally […]

    Reply

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Primary Sidebar

Join Our Newsletter
Top Financial Advisor Blogs And Bloggers – Rankings From Nerd’s Eye View | Kitces.com

Topics

Footer

1000D Lake Street
Ramsey, NJ 07446

Phone: (201) 785- 7660
Email: dan@crimminswm.com
or maureen@crimminswm.com

  • Home
  • About
  • Events
  • Firm Website
  • Free Guide
  • Videos
  • (201) 785-7660
  • Email

Important Consumer Disclosure from Crimmins Wealth Management

Copyright © 2022 Roots of Wealth | Site Design by 3200 Creative

loading Cancel
Post was not sent - check your email addresses!
Email check failed, please try again
Sorry, your blog cannot share posts by email.