Boomers, you can rest a little easier tonight.
U.S. stock markets rebounded strongly on Wednesday, with the Dow-Jones closing up 600 points. That was a relief for investors, especially retirees and those nearing retirement. The world needed a rally after a six-day losing streak in New York.
And news media are reporting, shortly before midnight Wednesday, U.S. Eastern Time, that even China has opened Thursday’s trading day on the upside. Markets in Japan and other Asian nations also opened higher.
Maybe retirees could simplify their lives if they held investments in less volatile places than the stock markets. Simplify your life, sleep well, live long. But don’t look to me for investment advice, please. I simply report what I hear.