DWM Blog What Do Birthdays and Corrections Have In Common?

There was a little bit of a downturn in the stock market yesterday, around 1.7% if I recall. I really didn't pay attention too much to the news. So, what of it? In the few fleeting seconds I was forced to watch a news story yesterday, I heard "plummet", "collapse" and "plunge". That's all I could recall before I got my hand on the remote and went back to Monday Night Football. A one-day decline of 1.7% along with a 4% decline since September 2 looks an awful lot like the beginnings of an ordinary run of the mill correction - unless it's not. Therein lies the question we are all (well, not all - certainly not me) seeking. My advice: Don't go there. Don't even start. "Far more money has been lost by investors preparing for corrections, or trying to anticipate corrections, than has been lost in corrections themselves." - Peter Lynch Since 1980, the stock market has returned a positive yearly return for 31 of the 41 years. So, 75% of the time stocks were higher at the end of the year versus where they began the year. There cannot be a better example than last year. Stocks started [...]The post What Do Birthdays and Corrections Have In Common? appeared first on Doyle Wealth Management.