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Thirty Years of Reasons

| March 10, 2020
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Thirty Years of Reasons
March 11, 2020
  

Over the past 30 years number of significant negative events have affected the world, yet the markets have always rebounded. I believe the current disruption (Coronavirus) will be no different when viewed in history’s rearview mirror.

Thirty years ago, on January 1, 1990, the S&P 500 closed at 353.40.  Today the S&P exceeds 2,750*.

During the 2008-2009 financial panic Warren Buffett famously said, “For 240 years it's been a terrible mistake to bet against America, and now is no time to start.”  I believe that sentiment holds true today.

Here are some of the significant events over the past 30 years that could have given pause to investors, causing them to miss out on the market's rise:
 
 
Year
Event
1990
Persian Gulf War
1991
Collapse of the Soviet Union
1992
L.A. Riots
1993
Bombing of World Trade Center
1994
Orange County, CA, files for bankruptcy
1995
Oklahoma City bombing
1996
US Budget Crisis / Gov’t Shutdown
1998
Russian Financial Crisis
1998
President Clinton Impeached
1999
Y2K
2000
Dot-com Bubble Bursts
2001
9/11 Attacks
2002
SARS Outbreak
2003
N5H1 (Avian Flu)
2003
War in Iraq
2004
Indian Ocean Tsunami
2005
Hurricane Katrina
2006
North Korea’s First Nuclear Test
2007
Housing Crash
2008
Great Recession / Financial Markets Seize
2009
Stock Market Collapse
2009
Swine Flu
2011
Japan Earthquake and Tsunami
2012
Hurricane Sandy
2013
US Gov’t Shutdown
2014
Collapse of Oil Prices
2014
Ebola Outbreak
2015
Economic Slowdown in China
2016
Brexit and President Trump Elected
2018
Trade War
2019
President Trump Impeached
 
 
It’s always unsettling when a significant event causes your portfolio to temporarily lose value but, as you can see from the chart above, it’s a fairly common occurrence. Often times, the best move is no move at all.

Please stay healthy and contact me if you have any questions or concerns.
Regards,
  
Joe Signature 



Dispenza Financial, LLC
Phone (877) 638-6556
Fax (800) 539-0720
 
 
 
Securities and advisory services offered through LPL Financial, a registered investment advisor
 
Member FINRA/SIPC

You cannot invest directly in an index





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