Understanding the averages is only part of what investors need to do to be successful.
News & Analysis: S&P 500 Index - Price Return (USD)
No, but the rally is certainly due for a breather followed by a change of character.
The best defense against the unknown is still a healthy dose of common sense and keeping things simple.
Headline-prompted hysteria has sent stock prices down further than is warranted, which makes this a buying opportunity.
Investors are responding to the growing likelihood that a deal for federal stimulus won't happen before the November election.
Apple, Amazon, Alphabet, and Facebook stocks had big gains today.
S&P 500 Drops 33 Points as Mega-Tech Stocks Slide, Cruise Stocks Sink, and Investors Sell "Safe" Stocks Too
Analyst warnings about dot-com bubble valuations have investors selling big tech stocks, while investors continue offloading real estate and utility stocks, usually considered safer investments in uncertainty.
If the stock market plunges again, it'll be one heck of an opportunity for long-term investors.
It's been both a turbulent and triumphant year for investors.
And it has nothing to do with equity valuations.