Volatility Is The New Norm
Well the day is not over yet but it looks like the stock market is off to its worst start in 84 years. I have been watching the markets for a long time and quite frankly I have never seen volatility at these levels and it does not appear that things will change any time soon. Markets in the past would trend for a period of time but now it looks like the trends are daily and some time they do not even last a day. I just can't recall a time when there were so many events that could potentially impact the market in a significant way. Oil, China, Europe, The Mideast, currencies, and on it goes. Difficult to predict where this is all going but real estate at this point seems to be holding its own, so it is probably appropriate to factor that into your thought process. Prices on LBi are up from last year and the amount of building and renovation that is currently going on is incredible. The beach replenishment project will hopefully add a new level of comfort to those who are concerned about storm damage and I believe we are going to see some significant activity in the Spring. Don't be late to the dance.
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