This was my last blog post before the market bottomed seven years ago today, on March 9th, 2009.
It’s hard to describe the utter capitulation in the air in those days for those of us working on The Street. I had friends at Lehman, Bear, etc and it just felt like everything was finished. I was on the verge of giving up myself, it all seemed utterly pointless.
As you can see, I was a great contrarian indicator:
Here’s what happened next…