June 2014

If you had sold in May this year (see May 2014 below) you would have missed out on a 2.3% return for the month, nearly half the returns for 2014. The market has continued to reach new highs and many experts think we will see a correction this year. A correction is a downturn of 10-20% and often occurs when markets move up more quickly or dramatically than the economy would suggest. A correction is often considered healthy, flushing out some stocks that rose with the market trend but don’t have the fundamentals to support the higher prices.