{"product_id":"stcov265mi10","title":"Stocks \u0026 Commodities V. 26:4 (56-57): Missing The 10 Best Days by Richard Ahrens","description":"Missing The 10 Best Days by Richard Ahrens\u003cbr\u003e\u003cbr\u003eWould missing the 10 best days in the last 20 years have a\nnegative impact on your portfolio?\u003cbr\u003e\u003cbr\u003eOne of the standard arguments against attempting to\ntime the market says that if you missed the 10 best\ndays in the last 20 years, the long-term value of your\nportfolio would be significantly less than if you had\njust stayed the course. Using price data from the Standard \u0026amp; Poors 500, I decided to find out if this argument\nwas really true. Rather than limiting the search to just the 10\nbiggest one-day gains in the last 10 or 20 years, I tracked down\nthe 20 biggest gains in the last 50 years (Figure 1).\u003cbr\u003e\u003cbr\u003eHERES WHAT I FOUND\u003cbr\u003e\u003cbr\u003eThe largest one-day gain in the last 50 years was a huge 9.1%\nleap. The day before that was remarkable too. It was the\nfourth-largest one-day move, causing the market to jump\n5.3%. In just two days the market blazed upward beyond\n14%. Those two days were Tuesday and Wednesday, October\n20 and 21, 1987. But in order to be in the market to capture\nthat windfall, the odds were high that you were also in the\nmarket on October 19, when the market dropped more than\n20% in one day.\u003cbr\u003e\u003cbr\u003eThe second-biggest one-day jump was a tidy 5.7% gain on\nJuly 24, 2002. This day was also surrounded by other big\ngainers: the third biggest, July 29, 5.4%; the 20th biggest,\nAugust 14, 4%; and the 12th biggest, October 15, 4.7%. In a matter of a few months, those four days alone carried the\nmarket forward nearly 20%. Of course, it should be noted that\nat the time, the market was trying to recover from a disastrous\n45% drop from the market peak in August 2000.","brand":"store-traders-com","offers":[{"title":"Default Title","offer_id":52134108856689,"sku":"\\V26\\C04\\070AHRN.PDF","price":2.95,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0900\/3843\/6209\/files\/unnamed_e7921290-531f-46aa-93b6-1fee9f1ac8f9.jpg?v=1739667121","url":"https:\/\/shop.traders.com\/products\/stcov265mi10","provider":"Stocks \u0026 Commodities","version":"1.0","type":"link"}