“How low can stocks go?” –The Wall Street Journal, March 9, 2009
The autumn of 2008 was a damn scary time, and by March 2009, the S&P 500 had sunk below 700 for the first time in 13 years. Goldman Sachs warned the S&P could fall to 400. It didn’t feel so good then, but it was the buying opportunity of a lifetime.
From the market bottom in March 2009, the S&P 500 is up 17.8% annually for the ten year period.