After the Dow Jones Industrial Average was up almost 500 points yesterday, the global markets are pausing a bit today to contemplate all of the coordinated liquidity efforts from Central Banks around the world. All of this liquidity is designed to stop an immediate run on banks by allowing them to be more flexible in how much they borrow and also at what interest rates they have to pay.
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| From Financial Planners Ft Myers |
One of the most important lessons to remember from yesterday is that volatility is here to stay well into the future. Remember, anytime a market can go up by 500 points it most certainly can go down by the same amount. Past performance is no guarantee of future results.
Stay informed out there!
Eric Marvin, CFP®, CRPC®
JPT232022-1954
