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February 2024
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2011: A year of tumult

2011 will go down in history as one of the most volatile years for the stock market: The Dow Jones Industrial Average swung 100-plus-points from open to close more than 100 times.

Market timing became extremely difficult, especially after July. The best strategy should be just staying put, holding cash. You do better by doing nothing.

This chart gives you a nice illustration of what we have been through:

[singlepic id=31 w=400 h=300 float=]