Recession

10th Anniversary Of Stock Market Bottom In The Great Recession And Financial Crisis

Today is the 10th Anniversary of the stock market bottom of March 9, 2009.  From October 9, 2007 through March 9, 2009 (17 months), the Dow Jones Industrial Average declined by 55%, with the S&P 500 declining by a similar percentage. The Great Recession officially began in December, 2007 and ended in June, 2009.  Over the past 10 years, both the S&P 500 and Dow Jones Industrial Average have quadrupled.

Q4 hedge fund letters, conference, scoops etc

Recession

Pexels / Pixabay

Although the S&P 500 (with dividends included) declined by 37.0% in 2008, it rose by 26.5% in 2009, 32.4% in 2013 and 21.8% in 2017.  This index rose in each year from 2009 through 2017, but declined by 4.4% in 2018.

Over the 54 year period of 1965-2018, the S&P 500 (with dividends included) rose in 80% of the years, while declining in the other 20%.  (The 54 years were comprised of 43 up years and only 11 down years for the S&P 500 with dividends included.)   During this time period, the S&P 500 (with dividends included) achieved a compounded annual gain of 9.7%.

Article by Dr. David Kass


Saved Articles
X
TextTExtLInkTextTExtLInk

Are you a smart investor? Join tens of thousands of sophisticated investor reading our authoritative free newsletter

* indicates required

Opt out of occasional 3rd party offers


Congrats! Are you a smart person? We have a limited time offer for sophisticated and loyal readers like yourself.

Sign up today and get three months free

Use coupon code VIP19 or click on the button below

Limited time offer only expires 8/31/2019 or next 30 13 subscribers whichever comes first – please do not share this discount with others

 

0