Shanghai Composite

Happy Birthday to You

March 11, 2014
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March 9, 2009 was a rough day for most of us.  U.S. markets had fallen by over half in the preceding year, and bad news was hitting the airwaves daily.  Bankruptcies, mass-layoffs, rising homelessness and foreclosures were commonplace month after agonizing month.  In a way it seemed like it couldn’t get any worse, yet at the same time, it also felt like it just might get a lot worse.  That was five years ago Sunday (3/9/14), and it was also the bottom of the last bear market.  It’s been going up since. (more…)