The Sun Is Setting on the Age of Volatility

Recently, Kevin Depew was telling me what the stock market was like in the 1990s, and he told me that he'd talk to clients who had positions they had held for 15 years. They'd reallocate their portfolio every now and then, and look at statements they got in the mail, but they didn't actively trade stocks. Of course, the tech boom changed that, and ever since then it seems like we've been in nonstop boom or bust mode, with volatility raging throughout.