"...from 1990 through 2006 the number of days where a net of 400 (80%) stocks in the S&P 500 moved in the same direction never exceeded 20 and averaged five per year."
According to Bespoke, the number has grown an awful lot since 2006 is on pace for at least 50 this year.
There's a good chart in the Bespoke article worth checking out that pretty much says it all. Later in the post they point to leveraged ETFs as one possible culprit in the exaggerated moves. I'm guessing it's somewhat more complicated than that but probably at least one good example among many of what's behind it.
If buying stocks for the long-term best to ignore these daily gyrations other than using them to grab more shares whenever the market goes into a "drive by" funk.
Adam
This site does not provide investing recommendations as that comes down to individual circumstances. Instead, it is for generalized informational, educational, and entertainment purposes. Visitors should always do their own research and consult, as needed, with a financial adviser that's familiar with the individual circumstances before making any investment decisions. Bottom line: The opinions found here should never be considered specific individualized investment advice and never a recommendation to buy or sell anything.
Adam
This site does not provide investing recommendations as that comes down to individual circumstances. Instead, it is for generalized informational, educational, and entertainment purposes. Visitors should always do their own research and consult, as needed, with a financial adviser that's familiar with the individual circumstances before making any investment decisions. Bottom line: The opinions found here should never be considered specific individualized investment advice and never a recommendation to buy or sell anything.
