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Posted by Kirk Lindstrom Apr 25, 2007 |
Congratulations to all us longs!
- The Dow Jones Industrial Average (DJIA) was 13,003.51 at 9:31am EST
- The NASDAQ Composite was 2,534.05 at 9:31am EST
- The S&P500 was 1,484.93 at 9:31am EST
On Feb. 28th, 2007 I posted the BLOG titled Feb 27th In Perspective where I wrote:
"Yesterday the DJIA closed at 12,216.24, down 416 points from the Feb. 26th close.Corrections are regular parts of the market. I see them as great opportunities to accelerate your dollar cost average plans if you are below your target asset allocation and are on a DCA program to get to your target asset allocation. If you are like me and take profits as the market goes up to keep a fairly constant asset allocation, then corrections are great opportunities to get some shares back at cheaper levels to regain your target asset allocation."
I am happy to report I eat my own cooking (take my own advice) and bought shares on that correction that are up significantly today. Congratulations to everyone who did the same.
For current charts of the major markets, see:
- S&P500 Charts
- DJIA Charts
- NASDAQ Charts
- NYSE Composite Charts
- Russell 2000 Charts
- Russell 3000 Charts
- Wilshire 5000 Charts
- World Market Graphs At A Glance
DISCLAIMER: Answers & my words are general in nature, are not meant as specific investment advice, and do not necessarily represent the opinion of anyone but Kirk. Individuals should consult with their own advisors for specific investment advice. In addition, past performance does not guarantee future results.