I just finished up teaching a Retirement Planning class at Fairfield University. I generally ask at the beginning of class how many of the attendees had some level of motivation to sign up because the 2008 collapse remains in the back of their mind. With teaching this course for the past 4 years, I would say over half the people raised their hand and did so with legitimate concern on their face. But this most recent class, I witnessed a lot of shrugs, “Eh, that was 10 years ago.”
My gut is that it’s less about the time frame and more the double digit returns the markets provided in 2017. Now, this blog isn’t going to be a Debbie Downer about the market and economy. I’m actually quite happy with the growth of corporate revenue and earnings, dramatically lower unemployment, Trump’s implementation of promises and yes, I believe what he’s doing with Tariff’s is not only brilliant, but necessary.