Johnson & Johnson Might Become the First Company to Reach a $1 Trillion Valuation
This year, we've witnessed all three major U.S. stock market indexes hit new all-time highs, which is nothing short of amazing considering the year began with the worst two-week tumble in recorded history and culminated with all three major U.S. indexes losing at least 10% of their value through mid-February from the beginning of the year.
But the long-term lesson is simple: The buy-and-hold investor usually triumphs. Since 1950, we've borne witness to 35 stocks market corrections of at least 10%, when rounded to the nearest integer, and in each and every instance, we've watched as stock market corrections have been buried by economic growth and bull market rallies.
But the long-term lesson is simple: The buy-and-hold investor usually triumphs. Since 1950, we've borne witness to 35 stocks market corrections of at least 10%, when rounded to the nearest integer, and in each and every instance, we've watched as stock market corrections have been buried by economic growth and bull market rallies.