Not much news today so thought I would share with you a useful site called Value Walk which aggregates interesting news and research relating to value investing. The graphic below comes from one of their recent pieces which itself comes from an interesting blog called Base Hit Investing. It is an interesting article on the history of stock market returns and how to think about or not the markets ups and downs. You can click the graphic below to read the whole article, but the key observations from this that the author, John Huber, makes were as follows:
"Some anecdotes I find interesting by observing the results 189 years between 1825 and 2013:
One last observation: the market was 5 times more likely to be up 20% or more in a year (50 out of 189) than down 20% or more in a year (9 out of 189)!"