Everyone else is panicking and I feel much better. I’m glad the market corrected itself.
First of all, I am not a stock broker or financial advisor, any comments made are just observations and not advice.
Last year I said, “Will it be a market correction or another bubble that has burst?”
I guess our answer is a market correction.
Time for our History recap. I believe it is best to look at the stock market in years instead of days. 2010 DJIA was 11,577, 2011 DJIA was 12,218, 2012 DJIA was 13,105, 2013 DJIA is 16,577, 12/31/2014 17,823, 12/31/2015 17,425, 12/31/2016 19,942, 12/31/2017 24,824, 12/31/2018 23,327.
From 2010 to 2011 5.5% change, from 2011 to 2012 7.26%, from 2012 to 2013 21% change, from 2013 to 2014 7% change. From 2014 to 2015 .36% down. From 2015 to 2016 14%. From 2016 to 2017 14%. From 2017 to 2018 -6%. This is the first negative change since 2010 when I started tracking the DJIA for this Blog.
I hope you have been following my observations. If you have, you will not have gotten upset when the Market took its dive on December 24, 2018 to “21,792”.
See you on the other side of 2019 to welcome 2020.
1 comment so far