Go Where the Stock Market is Going, Not Where It's Been.
A rising stock market inevitably gets overbought. Overbought markets get the headlines and clients late to the party feel compelled to rush in after the fact. We must curtail the actions of clients who insist on looking in the rear view mirror. We need to focus their attention on where the stock market is going, not where it's been. Take a tip from Wayne Gretzky.
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