Since March 9 (through April 9), the S&P 500 Index has gained over 26%. Other segments of the market have posted even higher increases. The Russell 2000 Index (mostly small stocks) is up over 36% (best 4 weeks ever). The DFA U.S. Small Value Fund is up over 44% and U.S. Large Value up 38%. One month does not make a market but it demonstrates the resiliency and strength in the markets overall despite all the challenges . The rapid fire quickness of the increases also points out why we stay invested in the markets even in tough periods.
Monday, April 13, 2009
What a Difference
The past 30 days or so has marked a sharp departure from the negativity laden market environment up until about March 6th or so. Previous bear markets have shown that turnarounds can be very quick . It may still be too early to tell if this rally holds or if it backs up some but in either event the past few weeks have been better...much better.
