I found this market commentary and thought it was worth sharing. We are approaching the one year anniversary of the “bottom” we found on March 8th 2009. It is interesting to note the growth we have seen since that time and yet there still is a sense of doubt from many investors. I wonder if this last market correction or hiccup has forever changed our perspective, or is it merely the proximity to the dip. Will the outlook from investors as a whole be different in another years time when we are a full two years out from that “bottom”?
Check out the commentary below, it is interesting information.
The S&P/TSX composite index rose today for the second straight session and, in the process, moved above December 31, 2009 levels. Historical market analysis shows that after rapid market advances such as the one experienced since March, 2009 markets typically enter a consolidation phase. Further volatility is possible as an economic recovery is not an express route; there tends to be lots of stops along the way.
Today’s increase also means that the TSX has risen more than 56% since the record low experienced in March, 2009.
Investor success continues to be determined by an ability to maintain a long-term perspective and keep an eye on the big picture despite market moves and economic news.