Happy Birthday, Bull !

• Bull markets that make their 2nd birthday have a 50% chance of having a 3rd birthday.
• Investors have overcome their "disbelief" of the bull market and have reached the "point of recognition" that a bull market is happening.
• Such recognition points have rarely represented the final bull market peak.
• Typically, the bull lives another 14 months and generates a median gain of +18.4%.  
• However, by the time the public recognizes the bull market is in place about three-quarters of the total price gain has already happened.  

Emotional Investing = Buy High, Sell Low

What should you be doing right now?

Re-evaluate your tolerance for risk and your progress toward your retirement goals.

Rebalance your investments back to your target allocation.

Adopt an investment discipline that will get you through the next downturn.

Make sure your investments are well-diversified.

Vow not to allow your emotions to control your investment decisions.