March 6, 2009 was the market low during the era if the financial crisis. Intra-day, the S&P 500 dipped to 666. Some of the headlines from that period were as follows”
“Market’s 7-day rout leaves U.S. reeling”
“Worst Week Ever for Stocks”
“Mounting Fears Shake World Markets”
“FORCLOSURES”
“The Week That Changed American Capitalism”
We are currently in the 9th year of the bull market that followed the Great Financial Crisis. For investors who have a long term time frame, the headlines above can serve as a reminder that markets are cyclical, and panic selling is not usually a good long term investment strategy.
