The chart below shows that all the growth in the Dow over 70 years came in spurts that took place in just 30 good months.
A New York Times breaking alert yesterday said:
Financial Stocks Lead Broad Market Rally; Dow Back Above 7,000
Stocks finished higher on Thursday for a third day. The Dow Jones industrial average closed 239.66 points, or 3.5 percent, higher at 7,170.06 while the broader Standard & Poor’s 500-stock index was up 4 percent, or 29.38 points, to
750.74. The Nasdaq was 3.97 percent, or 54.46 points, higher at 1,426.10.
The Dow may be near the bottom of its correction. A rebound could take place at any time. Few can predict exactly when the rebound will come with any assurance.
Selling securities now when spreads are high could be the worst possible time.
The final decision of course will relate to your personal circumstances, needs for liquidity and other opportunities so you should always review your total position with your financial planner.
We will update the global economy at the upcoming May 29-31 JGAM Florida Investment Seminar which you can attend free as a multi currency subscriber.