RSS Feed1 Year Since The Market Bottomed Out
Posted by Senan
Although different global indices across the world bottomed on different days last March 2009; today, March 9th, is considered the 1 year anniversary of the worst of the stock market crash (as the S&P 500 in the U.S. hit bottom).
But we've come a long way since then. The ISEQ actually hit bottom the following day, finishing March 10th 2009 on a paltry 1916 (an interesting figure in Irish politics!). As of today we've tipped back over the 3000 mark so that's a healthy bounce of 64%. The S&P across the water has fared even better, rising almost 70%.
Despite the rallies, significant doubt still hangs over worldwide economic recovery. Certainly in Ireland it feels more like we're going backwards. More strikes are on the cards and who knows, maybe civil unrest ala Greece is next. Companies are still shutting their doors every day. And our dole queue is still a mile long.
To those who are among the lucky few to have called the market correctly, well done, I hope you did well. To the other 99%, hang in there, I know I am. I have a tendency towards buy-and-hold value investing so I've been buying bits and pieces over the past 6 months. On balance, I've lost money so far, but I'm waiting for the slow ride to the top!
Above all else, I hope you get some element satisfaction from this website. Be it on an educational level, or for entertainment, or
mental stimulation, ...or just somewhere to pass 5 minutes! This spot is an informal look at the world of money, finance,
investing, busines, politics, etc. etc.
