This Is Not Bearish
The Irrelevant Investor
NOVEMBER 22, 2016
The S&P 500 just made an all-time high for the 11th time this year, and the 1134th time since 1928. Today, the Dow Jones Industrial Average crossed 19,000 for the first time ever. The natural inclination is that now might not be the best time to put new money to work. The data doesn't support this, at least not in the short term. The table below shows that average returns six months and one year following an all-time high has been stronger compared with all other days.
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