Wall Street wags sometimes refer to a correction as a “yield rally.” But for many people, particularly those who are relatively new to the stock market, August’s sharp drop in prices was nothing to crack wise about.
Right now, many advisors are having conversations with investors to assure them that the world has not ended, despite increased volatility and screaming headlines about major drops in the Dow. The mischievous term “yield rally” does not reassure. Yet, it does contain a kernel of truth.
Register or login for access to this item and much more
All Financial Planning content is archived after seven days.
Community members receive:
- All recent and archived articles
- Conference offers and updates
- A full menu of enewsletter options
- Web seminars, white papers, ebooks
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access