Legendary fund manager (retired) Ray Steele reminded me of this tidbit.  10  days of -2000 on the Dow and the Dow Jones Industrial Average is worthless.  8 days for the Toronto Stock Exchange.  Not likely to happen but then, it wasn’t likely that Donald Trump would become President of the United States either.

DJIA 2020-03-12_13-09-33

 

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About the Author

Malvin Spooner is a veteran money manager, former CEO of award-winning investment fund management boutique he founded. He authored A Maverick Investor's Guidebook which blends his experience touring across the heartland in the United States with valuable investing tips and stories. He has been quoted and published for many years in business journals, newspapers and has been featured on many television programs over his career. An avid motorcycle enthusiast, and known across Canada as a part-time musician performing rock ‘n’ roll for charity, Mal is known for his candour and non-traditional (‘maverick’) thinking when discussing financial markets. His previous book published by Insomniac Press — Resources Rock: How to Invest in the Next Global Boom in Natural Resources which he authored with Pamela Clark — predicted the resources boom back in early 2004.

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