Arguing about the Market’s Best Days

In the Big Picture post on this chart earlier this week,  Barry Ritholtz is drawn to that spiking yellow line.  “If you manage to avoid the 10 Worst Days, your portfolio  more than doubles the Buy & Hold performance,” he writes. $100,000 invested in the S&P 500 ETF  in February 1993, would have grown to a total of $692,693.00. Buy and hold gets you to $324,330.15.

Figure out a way to miss the losing periods, Ritholtz notes, and you’re literally golden.

But to me, it’s just as interesting that the 10 best days almost exactly outweigh the 10 worst days.