Waiting for the Next Apocalypse

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As we end the first quarter of 2017, the financial markets seem relatively calm and the financial media has been strangely absent of any major economic or financial crisis.  But if we wait long enough, we are bound to hear or read about the impending doom.

After all, as of March 31, 2017, the U.S. equity market, has returned upwards of 20% in the last twelve months and has a compound average annual return of approximately 20% over the last 5 years. We shouldn’t assume we should be expecting equities to do that again over the next twelve or sixty months.

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