It’s been said that the journey is more important than the destination. That enjoying the ride, so to speak, is better than arriving. Apply that same logic to the stock market, and stir in a bunch of recent talk about bubbles and risk tolerance, and some investors think the market we’ve come to know and love over the past six months will not be the market we have for the next six.
“I don’t believe we’re in a bubble; I think stocks can go higher over the next twelve months, but I think what people are missing is the manner in which they go higher,” says Russ Koesterich, chief investment strategist at BlackRock in the attached video. “Specifically, what I think needs more discussion is that it has been a very quiet market.”
That’s right. The man advising the world’s largest asset manager, with more than a trillion dollars under his purview, just effectively told you to stow your tray tables and tighten your seat belts.
“My guess is we’re likely to see volatility rise and more of a bumpy