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March 9, 2009: The Day Stocks Bottomed Out: Three Articles
FYI: How low can stocks go?" That was the omnioius query topping The Wall Street Journal's Money and Investing section on March 9, 2009.
It wasn't an idle question. The Dow was on its fourth straight week of losses, while the broader S&P 500 was below 700 for the first time in 13 years. Goldman Sachs put out a research report that warned the S&P could fall as low as 400.
A year later, we know that March 9 was the bottom of a months-long financial panic that wiped away trillions of dollars in assets. But on what now appears to have been the best buying opportunity of a generation, many only wondered how much lower the markets would tumble. Regards, Ted
