FYI: Exactly six years ago today, the markets made their ultimate low following a 57% collapse of the S&P.
I was fortunate to have been on the right side of that trade in both directions. What is most fascinating to me about that was the pushback from investors. It is revealing as to how much recency bias infests people, especially with those who have money on the line.
Regards,
Ted
http://www.ritholtz.com/blog/2015/03/financial-crisis-lows/print/
