A Stock Market Anniversary Lesson… Don’t Be a Loser
Tomorrow is an important anniversary for investors.
On March 9, 2009, U.S. stocks hit their recession low. The Dow Jones Industrial Average dropped to 6,547, a level not previously seen since April 1997. The S&P 500 fell below 700, which was as a 13-year low.
Well, nearly eight years ago to the day, there weren’t many investors who thought that stocks would more than triple by now, with the Dow ascending to the 21,000 mark and the S&P 500 vaulting near 2,370.
Yet that’s what happened.
10-Year Dow Jones Industrial Average Chart. Source: BigCharts.com
Unfortunately, many investors missed out on a lot of that upside, and many more continue to let one BIG factor keep them from achieving their goals.
That factor is fear.
To read more about the anniversary of the low point in the recession, please click here.