“These Are The Times That Try Men’s Souls”


These words were the first line in the first of a series of pamphlets written by Thomas Payne, during the American Revolution, titled “The American Crisis”.

Perhaps a small modification to, “these are the times that try investor’s souls,” might be timely.

Investors, and everyone else, is being pummeled by a barrage of, seemingly never-ending, warnings relating to a litany of possible events, that might disrupt markets.

These include, but are not limited to, inflation, interest rates, tariffs, labor shortages, jobs, wages and the mid-term elections.

Perhaps investors would be best served by taking a deep breath, pausing and then giving careful consideration to the underlying economic climate, before making any hasty decisions.

All comments and suggestions are welcome.

Walter J. Kirchberger, CFA

Subscribe to Sigma Investment Counselors Blog by Email.