VOO Is Down 6% From Its High. Over the Past Year It's Up 10%. Which Number Should Investors Focus On?

The Vanguard S&P 500 ETF (NYSEMKT: VOO) is about 6% below its October peak after a punishing post-election Thursday on Nov. 5. Over the past year, however, it's still up roughly 10%. One number is a reflection of short-term volatility and uncertainty. The other suggests a market whose long-term trend line is still pointing up. Which one should you pay more attention to?

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