Have four months of “dead money” ever caused this much drama?
Let’s put last week’s pullback in perspective. As uncomfortable as it may have been for investors who watch the market daily, it simply served as a public service reminder that most investors are probably better off not watching the market daily.
The result of one of the worst weeks in Wall Street history? A mere return to late October 2019 price levels:
Wall Street’s Tower of Terror
Typically, an erasure of four months’ worth of gains wouldn’t be a big deal. However, this stock market had been unusually bullish, gaining nearly 12% in less than four months.… Read more