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!
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