Buying at Record Highs
We originally wrote on the topic of buying at all-time highs in June 2015. At that time, markets were near new highs, causing some to ask if the stock market was at its peak and poised to move lower. With hindsight being 20/20, we can now say markets were not at a peak, as the S&P 500 Index has gone on to return a cumulative 17% since that time (6/22/15 – 6/22/17), not including the impact of dividends. As is common with markets, the path over the last two years has been rocky at times, with two 10% pullbacks (one in August 2015, and another in January of 2016), but markets recovered and are again hovering near record highs. Though volat
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