Originally Posted by
tzskipper1
Just for a timeline clarification/data point, on 1/20/2025 the Dow closed at 43,487.83. The S&P 500 closed at 5996.66 and the Nasdaq closed at 19,630.20.
Fridays close: Dow 41,317.13. S&P 5686.67. Nasdaq 17,977.73. This is after what is being hailed as "The Longest Win Streak (for the S&P 500) in 20 Years". Hopefully this has provided a buying opportunity to average down. Nothing to brag about yet (imo).
S
I'm not sure anyone is bragging about the market. But context is important. Using your numbers the DJI is down roughly 2100 points since inauguration day. Many are losing their minds.
On 11/29/2024 the DJI closed at 44,910 and on 1/10/2025 the DJI closed at 41,938 a loss of 3000 points....and nobody said a word.
"Strategic uncertainty" introduced by Trump certainly roiled the markets, but 97% of retail investors didn't sell any stock during that time. From that announcement, the markets have fully recovered.
https://finance.yahoo.com/news/the-stock-market-comes-all-the-way-back--and-then-some-chart-of-the-week-110010271.html
https://finance.yahoo.com/news/stock-market-made-back-losses-124038060.html