The Market Made Its Low 10 Years Ago Today

Ten years ago today, on March 6, 2009, the S&P 500 finally bottomed out at its lowest point of this century. During the day, the S&P 500 got to 666. It’s more than quadrupled since then.

It was a Friday and that morning, the jobs report for February came out. The U.S. economy had shed 651,000 net jobs. The VIX was near 50 and the TED Spread was still about 1%. Adjusted for inflation, the Dow was basically where it was 43 years before.

The news was terrible, yet it was a great time to buy. In fact, it was one of the best times to buy in a generation.

Posted by on March 6th, 2019 at 11:24 am


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