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The S&P has risen around 15.5% since the first of the year. The DJI isn’t far behind at +12.5%. Either of those numbers would be a fine return over a full year - let alone a bit over 3 months. Price’s Blue Chip TRBCX has done even better, up 18+% YTD. So where’s the beef? Day-traders and novice investors might focus on short term market moves. Most of us not.
BTW - If you’re focused strictly on short-term moves, take a look at BA. Off about 17.5% since the most recent 737-MAX fatal crash one month ago. So yes - if you were waiting in cash until the crash and than dove in and bought BA in the immediate aftermath you could be sitting on a one month 15% loss on BA vs the 15% YTD gain the S&P is sporting.
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The S&P has risen around 15.5% since the first of the year. The DJI isn’t far behind at +12.5%.
Either of those numbers would be a fine return over a full year - let alone a bit over 3 months. Price’s Blue Chip TRBCX has done even better, up 18+% YTD. So where’s the beef? Day-traders and novice investors might focus on short term market moves. Most of us not.
BTW - If you’re focused strictly on short-term moves, take a look at BA. Off about 17.5% since the most recent 737-MAX fatal crash one month ago. So yes - if you were waiting in cash until the crash and than dove in and bought BA in the immediate aftermath you could be sitting on a one month 15% loss on BA vs the 15% YTD gain the S&P is sporting.
Some charts: https://www.barchart.com/stocks/quotes/BA/performance
A quick and dirty summary of this article has been added to the MFO post: "737 Max Second Deadly Crash / China Grounds Plane / Others Follow Suit / FAA Finally Grounds Jet".