Personal Notes

November 19th, 2013

Last week, five other Valley National advisors and I attended Charles Schwab’s “IMPACT” investment conference in Washington, DC.

IMPACT is an important conference in the investment industry.  Over 7,000 independent Investment Advisors attend IMPACT.  Those advisors manage over $1 trillion dollars of client investments.  So, the IMPACT conference receives attention and attracts top flight, expert speakers who give us their thoughts on the current economic conditions and prospects for the future.

I was surprised to hear that each and every speaker was bullish on the market.  Each had his or her own set of reasons for optimism.  But, I felt uncomfortable that ALL the speakers were optimistic.  I do recall the saying, “the candle that burns the brightest is the quickest extinguished.”

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