RE:RE:RE:RE:So Where could the Market Go?CNBC:
RANK | Date | Return |
1 | Oct. 13, 2008 | 11.6% |
2 | Oct. 28, 2008 | 10.8% |
3 | March 24, 2020 | 9.4% |
4 | March 13, 2020 | 9.3% |
5 | March 23, 2009 | 7.1% |
6 | April 6, 2020 | 7.0% |
7 | Nov. 13, 2008 | 6.9% |
8 | Nov. 24, 2008 | 6.5% |
9 | March 10, 2009 | 6.4% |
10 | Nov. 21, 2008 | 6.3% |
*Source: J.P. Morgan Asset Management analysis using data from Bloomberg. Returns are based on the S&P 500 Total Return Index, an unmanaged, capitalization-weighted index that measures the performance of 500 large capitalization domestic stocks representing all major industries.
This is actually a pattern, it turns out. The market’s worst days tend to be followed by its best days, according to research from J.P. Morgan Asset Management.
If you sell when the markets hit the skids, you’ll likely miss the upside.
“We often feel like we can take control of the markets by selling out of them,” said Katherine Roy, chief retirement strategist at J.P. Morgan.
“As a result, you lock in those losses and you really are likely to miss some of those best days that are going to follow very shortly thereafter,” she said.