I started serious Investing Journey in Jan 2000 to create wealth through long-term investing and short-term trading; but as from April 2013 my Journey in Investing has changed to create Retirement Income for Life till 85 years old in 2041 for two persons over market cycles of Bull and Bear.

Since 2017 after retiring from full-time job as employee; I am moving towards Investing Nirvana - Freehold Investment Income for Life investing strategy where 100% of investment income from portfolio investment is cashed out to support household expenses i.e. not a single cent of re-investing!

It is 57% (2017 to Aug 2022) to the Land of Investing Nirvana - Freehold Income for Life!


Click to email CW8888 or Email ID : jacobng1@gmail.com



Welcome to Ministry of Wealth!

This blog is authored by an old multi-bagger blue chips stock picker uncle from HDB heartland!

"The market is not your mother. It consists of tough men and women who look for ways to take money away from you instead of pouring milk into your mouth." - Dr. Alexander Elder

"For the things we have to learn before we can do them, we learn by doing them." - Aristotle

It is here where I share with you how I did it! FREE Education in stock market wisdom.

Think Investing as Tug of War - Read more? Click and scroll down



Important Notice and Attention: If you are looking for such ideas; here is the wrong blog to visit.

Value Investing
Dividend/Income Investing
Technical Analysis and Charting
Stock Tips

Thursday 2 May 2013

DOW : 14,700.95 Down 138.85(0.94%) Sell in May and Go away???

By: CNBC.com Writer
 
Stocks kicked off May with a big thud, with major averages dropping nearly 1 percent across the board, as a batch of weaker-than-expected economic data overshadowed the Federal Reserve's plan to maintain its stimulus program.

The Dow Jones Industrial Average tumbled 138.85 points, or 0.94 percent, to end at 14,700.95, dragged by Merck and Verizon.

The S&P 500 fell 14.87 points, or 0.93 percent, to close at 1,582.70. The Nasdaq declined 29.66 points, or 0.89 percent, to finish at 3,299.13.

The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, jumped above 14.

All key S&P sectors finished in the red, led by energy and materials.

With the day's declines, major averages wiped out nearly half of April's gains. Stocks posted robust gains of more than 1.5 percent across the board in April. Interestingly, stocks have not posted gains in May since 2009.

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