It is the fifth round and Rocky Balboa looks pretty beat up with no hope of winning the bout, let alone stopping the bleeding and continued beatdown from his opponent. Then right when he is down and out for the count, he finds a little energy and fights back and manages to pull out the win against an unbeatable opponent.
That is how many investors feel right now. We are in what seems to be a never-ending fifth round and the stock market continues to beat on our 401k’s and IRAs. What do we do? It challenges long held beliefs of even the surest investment professionals.