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Is The Market Up 29% or Down 40%?
Posted: 07/02/09
By: tomgrisafi
The Dow Jones Industrial Average just finished its best quarter in more than five years. It's up 29 percent since March 9.
Of course we'd all be more excited about that if it weren't still 40 percent below its Oct. 2007 peak.
Which figure matters?
Neither, really.
Watching the market indexes move up and down is an easy way to see how the market is doing, but these red-letter days don't really reflect what happens to you and me as investors. After all, how many people put every spare cent they have into the stock market just as it hits a peak or trough?
Practically none.
Source: Dow Jones Newswire, New York Times
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Posted: 07/02/09
Personally, I don't find either perspective anything deserving of my attention. Stocks aren't the good trade today. Commodities are.