Wall Street today

You have to admit, this is a terrible, ugly, no-good chart of S&P movement.

SP

 

It’s worth noting, though, that this is not a chart of this week’s declines, the ones currently causing people to scream at each other on TV. Rather it is a chart of the declines that occurred back in February.

Remember those? Yeah no one else does either.

The lesson? Don’t panic over stock movement. Buy good companies and hold them. And don’t watch much CNBC.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s