This morning we got a couple of calls from clients concerned about the market’s dip yesterday and today. At this time, 12:06 PM, the Dow Jones has declined 1.34% – not an unusual movement up or down in any given trading day, but one that may engender some concern.
Here’s the perspective aspect of it – including today’s current 1.34% decline, over the last five days, the Dow Jones is up 0.42%, over the last month, it’s up 1.41% (over 16.9% annualized), over the last six months, it’s up 16.59% (over 33.2% annualized), and over the last year, it’s up 41.51%.
Perspective is important. Always expect short-term corrections in a secular bull market!
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