Well, today was a surprisingly strong day for the market!
The Dow was up .79%. If it wasn’t for Boeing, it would have been up a lot more.
The S&P 500 was up 1.47% and the Nasdaq was up 2%.
Today was one of those days that just came out of nowhere. No rhyme, no reason. I hadn’t a clue, as I prepared for my day this morning, that the markets would perform as strongly as they did! Not a clue.
And this is why you have to always be in the market and not try to time it.
The market started off today with a mixture of tragic and positive news.
First, a Boeing (NYSE: BA) 737 Max 8 plane transporting passengers on an Ethiopian Airlines flight crashed, killing all 157 people on board.
The other headline this morning was a corporate takeover, in which Mellanox Technologies (NASDAQ: MLNX) agreed to be acquired by Nvidia (NASDAQ: NVDA) for $7 billion in cash.
On top of that, Apple (NASDAQ: AAPL) was upgraded by Banc of America to a buy and a $210 price target. And the markets were off to the races.
One of the things I love about investing is how unpredictable it is! You have no idea what will happen from one day to the next.
However – the one thing we do know for sure is that markets tend to go up much more than they go down.
That’s why it’s important to be in it!
My book, The Stock Market is For Everyone, is a short guide for the beginning, inexperienced investor that is easy to understand and can be put into action immediately.
Click the image of the book at left to be taken to its Amazon page. (Disclosure: As a participant in the Amazon Services LLC Associates Program, I earn a small commission on each sale generated through these links.)