If you bought SPY at the first second of regular trading hours every morning for the last 25 years, and sold each day just before close, you would be down 4.4%. Doing the reverse, you’d be up 571%.

Sharing is Caring!

by doublecastle

www.nytimes.com/2018/02/02/your-money/stock-market-after-hours-trading.html

Check out the graph about halfway down in that article. It’s revelatory.

If you had bought the SPY at the last second of trading on each business day since 1993 and sold at the market open the next day — capturing all of the net after-hour gains — your cumulative price gain would be 571 percent.

On the other hand, if you had done the reverse, buying the E.T.F. at the first second of regular trading every morning at 9:30 a.m. and selling at the 4 p.m. close, you would be down 4.4 percent since 1993.

I had no idea of this fact and thought it was quite interesting.

See also  FOX: "At least 181 K-12 educators charged with child sex crimes in first half of 2022"
Help Support Independent Media, Please Donate or Subscribe:
Trending:
See also  Democrats planning legislation to ban stock trading in Congress.

Views: 0

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.