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re: Why is the stock market rallying right now?
Posted on 2/24/24 at 11:00 am to tigersmanager
Posted on 2/24/24 at 11:00 am to tigersmanager
quote:
you think a couple of months of good stock numbers
Go back and start over if you think this has been just a couple of months
1
Posted on 2/24/24 at 11:30 am to notiger1997
quote:You're right, but...
Go back and start over if you think this has been just a couple of months
If you invested $10,000 in the S&P 500 index at the beginning of 2021, then
at the end of 2022 you'd have $8,056 (-19.44%)
at the end of 2023 you'd have $10,008 (+24.23%)
and YTD you'd have $10,678 (+6.69%).
So 2023 made up for 2022, and now we're finally moving forward after two years and a shite-ton of inflation.
Bidenomics works, people!
This post was edited on 2/24/24 at 11:32 am
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