Friday, February 18, 2011

Market Doubles

The Standard & Poor's 500 index has now doubled its crisis low of 666.7 which it hit in March of 2009. According to Birinyi Associates, this was the fastest climb of 100% since 1936 when the index took 501 days to jump from 8.06 to 16.15. This time it took 707 days.

The point? Stay in the market.

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