Also, good call.

  Every person I’ve spoken with in Britain says Trump will win. “Social stigma disappears in the booth, you have no idea whats coming.” — Downtown Josh Brown (@ReformedBroker) October 5, 2016 Well, it happened. And then this morning the sun rose anyway. For some, the results of last night’s election are “a major shock.”…

Compare these spirits to the current parties claiming to stand for necessary change

Chart

This is the moment we’ve all been waiting for. That’s the good news – it’s finally here. There is nothing intelligent to be said about what the market’s reaction to tonight’s outcome (or non-outcome) might be. It is impossible to tell how much of what expectations are now priced in. You can have a narrative,…

“So Chris sold off his diversified portfolio of stocks and bonds. His whole retirement portfolio, currently at $250,000, is now in TIPS.”

I like to say that a good financial advisor needs to wear three hats: Teacher, Bouncer, Friend.