not sure how i missed this earlier, but absent something crazy happening tomorrow this could be the first year in history that the SPX has gained every single month of the year on a total basis return not only that, but this could be the 14th consecutive month of gains (on a total basis return) and an amazing 21 of the previous 22 months have been higher 2017 has been one for the ages.
WOW! I picked a hell of a year to get started in this biz.... I'm not gonna know how to act when things go back to "normal".... like... this thing goes down sometimes too, right??
Whelp, I think it's only fitting to have the premarket hitting new ATHs in the final trading day of 2017, which has been filled with market records all year long. What a year to remember. This will be talked about for generations to come. Looking good for the SCR as well. Happy final trading day of 2017 Stockaholics!
looks like this might come down to the wire today looking back at the SPX historical total returns there have been 32 prior times where it was up 20% on a total return basis for the full year. amazingly, there's been 33% more years where the SPX was up 20% or more than years where it was lower! the table below shows every year since 1928 where the SPX was up over 20% on a total return basis along with how the index performed in the following year. in the year that followed these large gains, the SPX saw an average gain of 10.46% (median 12.80%) with positive returns just over two-thirds of the time. what’s pretty surprising about these prior returns is that they are only slightly below the average (11.85%) and median (14.30%) total returns of the SPX following years where the index was not up 20% or more. so if a reversion to the mean is what some might be expecting next year following this year’s big gain, that may not be the case at all! there have been five instances where a 20%+ year was followed by another 20%+ year, and in one of those five times, the 20%+ year was followed by another four 20%+ years! not saying this will happen but just putting it out there
Year 2017 is coming to the end soon, hope you guys made some money in 2017 and will make even more in the new year I finished the year in green but would have made more if I just held some of my long positions until now since this year the market had such a low volatility and the market went up almost everyday It was probably a great year for the longer term investors and those who have 401K.
Gold had a strong year while the dollar had a very weak year, I think most people were thinking about the opposite would have happened at the beginning of the year
if anyone is planning to check out from here after the close and not returning until after new year i wish you guys a very HNY i setup a stockaholics new year's thread in the cocktail lounge the other day if you guys want to chime in real quick with a little something- Happy New Year 2018 Stockaholics! ...and thank you all for a great 2017! <-- click there! thx to all of you guys who contributed your time on the forums throughout the year and continue to make this the greatest community on the 'net. it's really been a lot fun. 2017 has been quite the interesting year in the market. like @stock1234 said, hope you guys made some good $$$ this year and will repeat that in the new year or better! catch you guys in 2018! (for those who won't be around this weekend)
for those keeping score at home ... the SPX would need to close down no lower than 2,686.49 to be up at minimum exactly +20.00% for the year at today's close ... gonna be a close call to the finish line it seems
Bought a few big losers this year such as GE to play for a bounce in January. This strategy doesn’t work all the time but at least it worked for me more often than not in the past
whoa yeah very interesting finish there i did not think we would flush down eod like that now we see if we will have a down SCR or not by next wednesday's close
