Fernando
Elite Member
- Joined
- Nov 7, 2016
- Professional Status
- Certified Residential Appraiser
- State
- California
With Trump it's 50% lies, 20% hard work, and 30% luck in getting elected.Genius as always
With Trump it's 50% lies, 20% hard work, and 30% luck in getting elected.Genius as always
My apologies for the delayed response. Just saw this. Your post said this: "Yes, and it has essentially recovered 1,000 points in the last few days." and I was pointing out data that suggested otherwise. I made no comment about events since 1929, as your post specifically referred to the 'last few days' - which is normally interpreted as less than a month, not 94 years.And you need to have a longer perspective. Since 1929, corrections on average resulted in an average peak to trough decline of 13.8%, as opposed to an average decline of 35.6% during bear markets, the data showed. Still, investors can take their time piling back into stocks. The average correction lasts 115 days, Yardeni Research showed. So I don’t give a rats behind about a one month decline. The markets were over valued. And just as in other corrections they will come back. Instead of looking at the one month, why don’t you look at the 5 year trend? Maybe you have better hashish.
What are you talking about? Doesn't look similar.
If Biden was still President, the ETF would be around $620 instead of $480 now.