Many aggressive asset classes are now priced in line with their fundamentals or even at a discount, but the lost wealth will sting for some time.
If staying the course is the recommendation, how can investors commit more capital when uncertainty is so high and trailing returns are depressed?
When investors desperately need a way to hedge equity risk, their most reliable tool is still broken: bonds. Conditions just aren't supportive.
An unemployed heiress to a $12 million estate is sensationally being denied access to her fortune until she gets a job or undertakes voluntary work.