lindley (1)

Business Insider

Lindley Estes is a business writer for The Free Lance-Star and This blog is on Fredericksburg-area business. Send an e-mail to Lindley Estes.

RSS feed of this blog

In investing, as in life, timing is everything

INVESTING success, as is true in many facets of life, is all about timing.

Witness the following two news leads from stories about the Dow Jones Industrial Average:

No. 1: "Markets tanked Thursday, with the Dow falling nearly 700 points during the session, as panicked investors dumped stocks across the board."

No. 2: "Investors snapped up a broad range of stocks Thursday, sending major indexes up more than 2 percent, after existing home sales jumped for the third straight month in June."

The first article appeared on on Oct. 9, the first time in years the Dow had closed below 9,000 points. Lehman Brothers had recently filed for bankruptcy protection, and the financial world seemed poised for catastrophic meltdown.

The second jubilant article, written by The Associated Press, ran Thursday. Investors celebrated the Dow crossing the 9,000-point line for the first time since January.

The Dow was at about the same level in both accounts. Yet the reaction to it was far different.

Click here to read this week’s full Business Browser column.