Market Bottom… Are we there yet?
Where does the market bottom? It is a question we have spoken about and addressed many times. In short, the market is very hard, if not
impossible, to time and therefore we cannot definitively say. No one can. That said, in the current environment, while our short-term view is
less certain, longer-term (1-3 years out) we believe stocks will be higher. There is no doubt, we could see more volatility and an intermediate
bottom before we make way for an eventual new high. The timing and magnitude of another move down in equity markets and the eventual
new high will most likely be determined by the current earnings season and future growth expectations contained within.
