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10 years ago this week, the market hit the climactic bottom of the Great Recession
As the 10th anniversary of the climactic March 2009 market bottom arrives this week, many observers are focusing on all the ways this period since the global financial crisis has been extraordinary. The worst economic shock in 75 years felled huge financial institutions, roiled international alliances and ushered in the most aggressive central bank stimulus efforts ever seen, with zero or negative interest rates and purchases of trillions in securities the norm worldwide. Yet perhaps more striking is how very typical this decade has been for stock market investors. Since the S&P 500 sank briefly to 666 on March 6, ... (full story)
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