May 22, 2014On May 13th, 2014 the S&P 500 grazed the 1,900 mark for the first time ever. In the past two years we have seen this index cross new thresholds repeatedly, reaching 1,600, 1,700 and 1,800 in the last year alone. With each new high investors are asking the question, “How long can this continue?” Many are bracing themselves for the inevitable pullbacks that are inherent in capital markets, pullbacks which unnerve us but are often healthy after experiencing extended periods of market growth. I am a planner by nature. I often try to assume the worst case scenario that could occur in a particular situation and make plans for what I would do should that scenario arise. Not to mention driving me crazy, this planning has added about five pounds to my purse, since who knows when you might need an extra pair of shoes, pepper spray, a sewing kit, band aids, or batteries? Investors are the same way. They try to predict the future by anticipating all possible financial or economic...