On March 6th of 2009 the S&P 500 bottomed out at 676.53 points. We've seen several ups and downs since then, but the Bull market has remained strong. The S&P has risen by approximately 309%.
Here's a video from CNBC on that fateful day in 2009 ... it's an interesting look into the past. You'll recognize a lot of the faces, but not a lot of the prices.
Cy McCaffrey via Reddit
As people struggle with fear & future uncertainty, this video feels oddly apropos. The Great Recession seems so far removed, but this video calls forth that same feeling.
Ultimately, human nature remains a constant.
Meanwhile, the bull market has been remarkably resilient through a variety of shocks, fearmongering, divisive politics, and volatility. Despite vulnerability & large drops at the end of 2018, the bulls managed to barely weather the storm.
Currently, the economy is strong and the Federal Reserve is pausing interest rate increases. Yet, predictions of the economy slowing, earnings decreasing, and global trade uncertainties have many afraid.
Are those an omen of a recession, more fake news, or just part of the playing field? Time will tell.
