Last week, five other Valley National advisors and I
attended Charles Schwab’s “IMPACT” investment conference in Washington,
DC. 

IMPACT is an important conference in the investment
industry.  Over 7,000 independent
Investment Advisors attend IMPACT.  Those
advisors manage over $1 trillion dollars of client investments.  So, the IMPACT conference receives attention
and attracts top flight, expert speakers who give us their thoughts on the
current economic conditions and prospects for the future.

I was surprised to hear that each and every speaker
was bullish on the market.  Each had his
or her own set of reasons for optimism. 
But, I felt uncomfortable that ALL the speakers were optimistic.  I do recall the saying, “the candle that
burns the brightest is the quickest extinguished.”