“You must have long-term goals to keep you from being frustrated by short term failures.” – Charles C. Noble
“Frustrating” is what most investors would call the stock market right now. Indexes move up for a few days, then reverse and come back down. The trading range becomes tighter and tighter, while the market resists any breakout to the upside or breakdown below.
Friday’s robust Jobs report wasn’t much of a help. If anything, it’s a harbinger of a lift-off at the mid-December Fed meeting.
Add to this the political dysfunction in Washington, D.C., unsound debt levels, a migrant crisis in Europe and the slow growth in China and you will have every reason to be anxious and frustrated.
Shift Your Focus
There is, however, a choice — be frustrated or simply shift your focus to long-term goals.