Hello Everyone - Below see a chart of the Dow Jones Industrial Average (The Dow) since the lows of Covid back in March/April 2000. The Dow bottomed near 18,000 back then and then doubled to over 36,000 by December 31st 2021. That means it took about 21 months to double in that situation. That was a good run for investors. But then 2022 came along which was mostly downward, and now 2023 is mostly flat.
You can see all of this fluctuation on the chart below. The Dow is in a trading range and has been for over 2 years now. The range is about 36,400 on the high end, and about 28,400 on the low end. You can see the black lines I drew highlighting the range.
So what does this mean? It just means that most stocks are Sideways for Now as investors wait for new information. That’s all it means, and it’s a reminder that stock investing is long-term. Money you will not touch for at least 10 years typically. Other short-term money should probably not be in the stock market. I’ll cover that in my next email, but for now, the long-term trend in stocks since 2009 is still upward at this time. Successful stock investing requires patience. Give us a call to visit if you have questions or concerns. We are taking new clients at this time.
Best Regards,
Mike
