April 7, 2019 10:11 p.m. ET
Everyone’s waiting for this stock market to finally tire out, but the first quarter was the latest example of the market saying, “Not yet.” The average U.S.-stock fund had a total return of 13.3% in the first quarter, according to Thomson Reuters Lipper data. International-stock funds did nearly as well, on average, with a 10.8% total return.
The correction in the market is going to be rough. It will happen and it won’t be pretty.
The so called “gains” abstractions derived from the exchange of money between investors. And those “gains” can only be considered legitimate if investors don’t want their money back.
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