Was the Big Rally a Grand Illusion?
March 11, 2010 · Filed Under Uncategorized
Tuesday will mark the first anniversary of the panic bottom that ended the worst bear market for stocks since the Great Depression. Unless something terrible happens between now and then, the year since will have produced the greatest bull market since the 1940s.
From the afternoon the S&P 500 peaked on Oct. 9, 2007, to the close at the bottom on March 9, 2009, the index lost 55.6%, including dividends. Since then, as of Thursday’s close, with three market days to go till the anniversary of the bottom, stocks have gained 69.1%, again including dividends.
Read more: Was the Big Rally a Grand Illusion? at SmartMoney.com http://www.smartmoney.com/investing/stocks/was-the-big-rally-a-grand-illusion/#ixzz0hv1h6nGJ
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