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Monday Showed Why a Long-Term Investing Strategy Is More Important Than Ever

·3 min read
Monday Showed Why a Long-Term Investing Strategy Is More Important Than Ever
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Despite ongoing concerns about how virulent the new omicron COVID-19 variant might be, investors nevertheless took a more positive view of the potential impact, especially in light of favorable comments from vaccine makers promising new weapons in the fight against the pandemic. The Dow Jones Industrial Average (DJINDICES: ^DJI), S&P 500 (SNPINDEX: ^GSPC), and Nasdaq Composite (NASDAQINDEX: ^IXIC) didn't claw back all of their losses, but they still put in a good day overall. Monday gave investors another example of how selling on down days can lead to poor outcomes.