, a continuing pandemic and a land war in Europe. Stocks appear to have been making a comeback of late as some market watchers believe inflation may have peaked., with the current uptick representing a brief respite before a more painful recession hits in 2023.Remember 1987? Investors who were around at the time definitely do. On Oct. 19 of that year, the Dow Jones Industrial Average fell 22.6% — the largest one-day drop in that index's history. The day came to be known as Black Monday.
In light of that fact, I recommend the following exercise: Type "S&P 500" into Google. When the chart comes up, select "Max." Now find 1987. The historical upward trajectory of the stock market has reduced it to a tiny blip on your screen, and that's the point all the market experts who tell youIf the market continues to behave as it always has, whatever your portfolio is doing today, tomorrow or next year ultimately won't matter much in the decades that you're likely to be investing.
As long as you're investing consistently in a broadly diversified portfolio of stocks, any drama in your portfolio will eventually matter as little as it did in 1987.
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