Friday, December 16, 2016

The Markets End of Year Streak

If you've lived in a box you probably have no idea the S&P 500 is so far up 5 of the last 6 weeks. In fact since the week of the Presidential Elections the market is up by 8%. That's a big chunk of the yearly gain it's seen so far. It's also a respectable gain if  8% was for the entire year. Of course if you owned an S&P 500 index fund you'd have received dividends so your total return is actually higher. As of now it seems a safe bet the S&P will end the year up around 10%. It's currently up around 11%. Let's see if it can continue the trend to end on a high note. 

That's why I think it's important to buy and hold. If you were trying to "time" the market I bet most people would have completely gotten this call wrong the last few weeks.  Especially if you listen to the talking heads that spew out horrible information. I sometimes wonder where they get their info from. 

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