June 2012 Newsletter: Have we lost faith in the Future? Nobody “believes” in stocks anymore.
We heard the same basic lament at the FPA (Financial Planning Association) NorCal Conference we attended recently that we have been hearing from some clients for a few months now. Investors everywhere, it might seem are suffering from what might be called a loss of hope. We are grateful to Bob Veres, a financial writer we read and respect, for his thoughts in framing this message. A growing number of investors seem to believe that the world is coming apart, and therefore have no enthusiasm in investing in anything that depends on an optimistic view of the future. The specifics vary. It may...
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