Originally Posted by alarmguy
Originally Posted by Snagglefoot
Originally Posted by RedOakRanch
Nothing to worry about yet, all the recent losses have only taken us back to the levels of about 5 months ago. This is a great opportunity to buy in on the way down.
Hello. The Dow Jones is 25,409. The first time it hit that was Jan, 12, 2018, more than 2 years ago. My read is that two years of gains have been wiped out.
On March 4 2019 the Dow Jones was 25,450 and 25 cents
On Feb 28th 2020 the Dow Jones was 25,409 and36 cents (pretty darn close)
Lets take it a step further on May 27th 2019 (only 9 months ago) the Dow Jones was 24815.04
Fridays close of 25,409 on Feb 28th 2020 makes the Dow Jones still 594 points (and 32 cents) higher then just nine months ago. I dont consider this a big crash like mass media makes it sound.
So to simplify (sometimes I lose myself in my thoughts*L*) as of Friday 2/28/20 the stock market is 594 points (and 32 cents) higher then it was 9 months ago on 5/27/19
This recent market advance truly was a very short term 10% recent climb over less then a year and the recent decline brings us back to that level, which is more like 9 months loss rather then the year I previously said. Not bad at all.
Yeah, but who buys the Dow? It's usually the S&P 500 that's a good indicator or the Nasdaq. I just checked, S&P 500 is knocked back to about October of last year, I'm back down to November. It was a pretty good run up in the last couple of months.