As the markets and exchange traded funds (ETFs) see-saw – up 300 points there, down 500 points there – you can’t blame investors for questioning what those good days really mean.
The Dow Jones Industrial Average closed last week with a huge two-day rally during which it gained 700 points. But investors rightly paused. Was the crisis over? Or was this just a dead cat bounce?
Monday, the Dow sank another 370 points. What today or tomorrow or next week will bring, nobody knows.
That’s exactly why you need a strategy and a plan.