Stock Talk
Today we will talk about the market and its trading range. The range in the market for the last 12 months has been between 1810-2050 on the S+P 500 STOCK INDEX. Last week we broke above this range . Currently we are within 2-3 percent of the alltime high achieved in May of 2015.Also, April is usually a positive month for stocks 72 percent of the time going back eighty years (data point derived from kenshow).If you are a longterm investor , nothing I just said should matter to you. If on the otherhand you are a short-term investor be aware that we just had a powerful move to the upside from an oversold condition.A pullback of 3-5 percent should not come as a surprise to anyone.A healthy correction is good for the market in general . So , if you missed the advance because you were out of the market . Start making a shopping list of quality companies you would want to buyif they were on sale. By having a shopping list ready you can buy good value when it is on sale , which is a recipe for succes.
I have not mentioned this before , but really the only way to besucessful at investing and in life is to work hard and save - regularly . Lastly, always live within your means even if it meansdelaying a purchase . You will appreciate it more after you havesaved for it rather than just charge it.The stock market is a long-term wealth creator not a slot machine.For the last 100 years stock market returns have averaged 9.6%,through recessions and financial termoils.