7 Years Ago Today

Posted by

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:

TGIF: Dow 6500…Sing With Michael (TRB)

Here’s what happened next…

spx

This content, which contains security-related opinions and/or information, is provided for informational purposes only and should not be relied upon in any manner as professional advice, or an endorsement of any practices, products or services. There can be no guarantees or assurances that the views expressed here will be applicable for any particular facts or circumstances, and should not be relied upon in any manner. You should consult your own advisers as to legal, business, tax, and other related matters concerning any investment.

The commentary in this “post” (including any related blog, podcasts, videos, and social media) reflects the personal opinions, viewpoints, and analyses of the Ritholtz Wealth Management employees providing such comments, and should not be regarded the views of Ritholtz Wealth Management LLC. or its respective affiliates or as a description of advisory services provided by Ritholtz Wealth Management or performance returns of any Ritholtz Wealth Management Investments client.

References to any securities or digital assets, or performance data, are for illustrative purposes only and do not constitute an investment recommendation or offer to provide investment advisory services. Charts and graphs provided within are for informational purposes solely and should not be relied upon when making any investment decision. Past performance is not indicative of future results. The content speaks only as of the date indicated. Any projections, estimates, forecasts, targets, prospects, and/or opinions expressed in these materials are subject to change without notice and may differ or be contrary to opinions expressed by others.

Wealthcast Media, an affiliate of Ritholtz Wealth Management, receives payment from various entities for advertisements in affiliated podcasts, blogs and emails. Inclusion of such advertisements does not constitute or imply endorsement, sponsorship or recommendation thereof, or any affiliation therewith, by the Content Creator or by Ritholtz Wealth Management or any of its employees. Investments in securities involve the risk of loss. For additional advertisement disclaimers see here: https://www.ritholtzwealth.com/advertising-disclaimers

Please see disclosures here.

What's been said:

Discussions found on the web
  1. immediate edge reviews commented on Sep 22

    … [Trackback]

    […] Information to that Topic: thereformedbroker.com/2016/03/09/7-years-ago-today/ […]

  2. 안전공원 commented on Oct 18

    … [Trackback]

    […] Read More here on that Topic: thereformedbroker.com/2016/03/09/7-years-ago-today/ […]

  3. ruger in stock commented on Dec 02

    … [Trackback]

    […] Here you will find 81674 more Info to that Topic: thereformedbroker.com/2016/03/09/7-years-ago-today/ […]

  4. tilapia for sale online commented on Dec 29

    … [Trackback]

    […] Info to that Topic: thereformedbroker.com/2016/03/09/7-years-ago-today/ […]

HowIInvestMyMoney