Ryan
Apr 26th, 2009
Apr 26th, 2009
Down, but Not Out
With all the recent optimism about the stock market, including mine, it’s sobering to look at a significant number: year to date return.
Despite the fact that the broad markets have been in rally mode since March 9th of this year–and really did fine this week in spite of earnings news that actually weren’t as terrible as expected–the S&P 500 is still down 3.25% year to date.
Still, the recent news has been encouraging, and there’s nothing magical about the year to date return figures other than they’re measured starting January 1. I’m hoping in a week or two I can update this post to say that the market’s in the black for the year 2009!
I was just looking at the same figures and I thought to myself, “That can’t be right!” And I remembered the slaughter in February. Keeping my fingers crossed.
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