I think the last few months demonstrate just how short term people really think. People are caterwauling when really the market has only given up the gains of the last 5-6 months. I'm not saying I don't have concerns, what between picking trade fights, interest rates rising, etc. but many other metrics are good. Here's what the S&P has returned the last several years:
Dec. 31, 2017 21.83%
Dec. 31, 2016 11.96%
Dec. 31, 2015 1.38%
Dec. 31, 2014 13.69%
Dec. 31, 2013 32.39%
Dec. 31, 2012 16.00%
I just can't feel like my world is shaken up because we've been about flat YTD.