Time to Panic? (or Why you Need an Advisor)

by H. Brian May Last week we experienced a selloff reminiscent of the days of Lehman Brothers’ failure in 2008. While some claim a trading error may have been responsible for a portion of the massive decline on Thursday, we know that fears of a European collapse and Greek contagion gave speculators and traders a reason to sell. It’s clear the markets have risen substantially from the March 2009 lows, but we continue to live by the belief that it is valuations that drive markets in the long term [...]