Where were you on October 1, 2008?
Remember what you were doing (or how you were feeling) on Wednesday, October 1, 2008? That’s the last day the S&P 500 was around the 1170 level, and at that time it was on an express train straight down. The presidential election was a little more than a month in the future. The baseball playoffs were set to begin. Maybe the leaves were turning colors. If you were long stocks, you were in danger of developing immediate bleeding ulcers.
The market has a much different feel lately (up 10 days out of the last 11!), but I can’t help wonder if something big to the downside is lurking . . . .
Or maybe I’m just stuck sitting on the “wall of worry” . . . .
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