S&P 500: Biggest Monthly Gain Since 1987
Today's rally makes March the biggest up-month since 1987, according to Bloomberg. Who would have thought only a few weeks ago that we would be nearing the 8,000 mark on the Dow as of today? We certainly didn't think so, but neither did we prophesy otherwise. We were enticed by the undervaluation of individual companies, and so we were buyers of several companies that had fallen to irrational valuation levels.
We still see plenty of bargains out there, but we have no clue which way the market will go. Neither does Buffett -- who readily admits this -- and neither do market prognosticators who claim to know. What we do know is that there are plenty of ways for investors to profit in this volatile market, but in order to do so, one needs to have a set of investment principles and stick with them.
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