The Bear Can Strike at Any Time
The bear market of 2007 to 2009 was a 17-month bear market that lasted from October 11, 2007, to March 9, 2009. On October 11, 2007, was it possible to really understand that you were in the beginning of a bear market? By March 9, 2009, the S&P 500 was going to lose more than 50 percent of its value. At what point during the bear market, might you have come to realize that things could still get worse?
On September 21, 2018, the first down day following an all-time high of the SPY, did you really understand that a major correction was about to take place? The SPY was going to lose almost 20 percent of its value and drop as low as 234 from its high of 292. As a result calendar year 2018 was a ...
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