An age-old investment adage holds that the stock markets must forever climb walls of worry. Our current worry? No stock market moves up (or down) in straight lines forever. Inevitably they must correct, typically by as much as 10-15% and often of their own volition. Inevitably, too, bull markets must give way to bear markets, to be followed by the next bull market. In this knowledge, wouldn’t it be logical to move to the sidelines, or at least take some chips off the table, all the more in face of today’s nerve-testing geopolitical uncertainties and the prospect of intensifying market volatility?
