Once Upon a Time… in the 1980’s to be more specific… there were a lot of hostile acquisitions of publicly traded corporations. Grumman Corporation was the target of one of these hostile take-overs; Mr. Bierwirth was its CEO. The aggressor was LTV Corporation.
As the calendar flips from 2015 to 2016, it may be a good time to evaluate your financial situation to determine if you need to make any modifications to your financial plan.
You may recall our blog post from February titled, “Recent Volatility in the Financial Markets – Don’t Panic!”, which addressed the volatility in the stock market at the beginning of 2016. The rest of the first quarter was no different, as the markets rallied to new 2016 highs over the last few days of March.
The first few weeks of 2016 have demonstrated significant volatility in the major market indexes, such as the S&P 500, the Dow Jones Industrial Average, and the MSCI EAFE.
Volatility may best describe the equities markets for the majority of 2015, as they were impacted by economic stress in China and Greece, coupled with underwhelming corporate earnings reports, falling oil prices, and terrorist attacks here and abroad.
Fidelity Investments in collaboration with the Stanford Center on Longevity, conducted a survey of 12,000 retirees. Their answers may surprise you.