The Ultimate Wall of Worry

The markets are discounting mechanisms. Even with like GDP being negative, people start getting worried that they see these negative numbers. When earnings are down and when GDP is down, the market actually does the best because it starts to anticipate and discount a recovery. So I got back into stocks, I got out of the market three days off the high. It was probably one of my best sell signals ever. Got clients out and started selling stocks right off the highs. And then we had a 9,000 point decline, which we completely sidestep. But I got to tell you, if I listened to my gut and what was happening, I wouldn't have bought a single stock.