Violent market swings sent the S&P 500 into correction territory over a four-day period that began last Friday, while other markets around the world fared just as badly. But by the end of the week, investors who stayed put Monday were in the black.
The panic selling that began last week turned into a mid-week rally, and markets either continued to either gain or at least stabilize through Friday. Perhaps, investors realized, things weren’t all that bad.
After all was said and done, the S&P 500 ended the week 0.91-per-cent higher, the Dow Jones Industrial Average was up 1.11 per cent, and Canada’s S&P/TSX composite index rose 2.9 per cent. Read More…
This is all part of the course of investing. There is no free lunch. Market will always fluctuate. The biggest lesson is to NOT panic on the first sign of a downturn.
The article mentions about not caring when China’s markets went up but when its down we care. This is obvious because we are always looking for signs that might damage our portfolio – defense mode.
Meh, the markets are all back up — most of the losses have been whiped away.
Just tells you how on the edge the markets are. I doubt this is over yet but it looks like they are just nervous people who still want to invest.
Does anyone notice that this all began near September? Hmmm…
I think it’s all clear now. I am still investing heavily and predict 2015 will end very well.
People are talking like this is somehow similar to the 2008 collapse. Not in the least. There was a definitive reason why that was occuring and people knew it was coming. For this case it is just market corrections and profit taking.
So i guess bonds were the way to go during that hiccup. 🙂
Hint: i have a # of bonds.
So this all was caused by scares in China? Really? Besides holding most of US in debt why would their economy affect them, let alone us in Canada?