Oh yes, this will work out well…bubble pricing 3.0 in stocks has encouraged bubble head financial advisors to delude themselves and their clients into believing once more (ala 2000 and 2007) that it is their astute advice and product-flogging “skill” that is “making money for clients” and to recommend this as a good opportunity to add “more equities”. And not to worry, the same crowd also believes their clients will continue to hold stocks through any downturn. See: Financial advisors see clients sticking with stocks
“Financial advisors, in a snap CNBC survey, say their clients are mostly invested in the stock market and plan to hang onto their holdings.
Fifty-eight percent of the 26 advisors surveyed said their clients are fully invested, and 81 percent said they plan to retain their positions.
Fifteen percent said the Dow crossing 17,000 gives them an opportunity to speak with their clients about adding to holdings.”
Sure…makes perfect sense. Once the value of their savings begin plunging off a cliff, people do stay calm and ride it out…no one jumps out at a bad time, and everyone achieves their financial goals riding the reckless risk bus. Of course they do.
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