With the Dow Industrial Average reaching new all-time highs over the past couple of days, we’re still reminded that we’ve only returned to a “place” where we were five years ago before the bear markets and corrections set the stage for recovery.
And it’s during times like these that it also makes sense to remind ourselves of the long-term perspective for stocks. It’s important to build and maintain expectations — continuously calculating and checking operating results as the days roll by. And yes, it’s OK to lean on Orson Welles (and Benjamin Graham) for a reminder that the fundamentals still do … and always have … mattered.
For more, see: Warp of The Worlds