March 6, 2018
Stock Market Jitters, Millennials? Relax
Back in December, the Vanguard Group predicted a stock market that would “remain placidly subdued” in 2018. What a difference two months has made.
A Morgan Stanley analyst, echoing many on Wall Street, has now declared, “The long-anticipated return of [stock market] volatility has arrived.” The Standard & Poor’s index of 500 stocks slid 10 percent in a few days in late January and early February, bounced back, and then dropped again last week: the S&P declined another 2 percent, and the Dow index was down even more, by 3 percent.
No one can predict the future, of course – not Vanguard or Morgan Stanley. “Time will tell,” the analyst said. But while baby boomers have been thrown around by the stock market and witnessed a recovery in their portfolios, young adults might not be so chill.
Here are some earnest words of comfort, Millennials: you are truly the lucky ones. …Learn More