On The Seven Year Anniversary Of "The Most Hated Bull Market Ever" - How We Got Here
As most financial media will remind you, today is the 7 year anniversary of the market's lows hit on March 9, 2009, a day when the Wall Street Journal wondered "How low can stocks go", which took less than a week after Obama said on March 3 that "what you're now seeing is profit-and-earning ratios are starting to get to the point where buying stocks is a potentially good deal if you've got a long-term perspective on it" (sic) and just days before the Fed officially launched its expanded QE1 asset purchasing program.