The Bull Market a Decade on ... Running with the Bull

The Bull Market Began 10 Years Ago.


The financial system had nearly collapsed. The deepest recession in decades was devouring over 700,000 jobs a month. Roughly $13 trillion in stock market wealth, slowly rebuilt since the dot-com bust, had again been incinerated. It was March 2009. And it was one of the best times in a generation to buy stocks. A decade later, the bull market that began back then ranks among the great rallies in stock-market history. The 305 percent surge in the S&P 500 is the index’s second-best run ever. The rise has generated more than $30 trillion in wealth. Adjusted for inflation, that is the most created during any bull run on record, edging out the $25 trillion in gains during the epic streak from December 1987 to March 2000, which ended with the bursting of the dot-com bubble, according to Federal Reserve data.
Mark Haines Calls the Stock Market Bottom, March 10, 2009


In this clip from the March 10, 2009 edition of CNBC's Squawk on the Street, the late Mark Haines tells Erin Burnett, "I think we're at a bottom. I really do." As the credit crisis continued to swirl, the Dow had closed the day before at 6,547.05, a staggering 54 percent plunge from its all-time closing high above 14,000 in October of 2007.

Mark Haines Calls the Stock Market Bottom, March 10, 2009 from CNBC.

2/20/2009 is the day I started individual investing. I called a broker and bought 1,000 shares of FITB for just above $ 1,000. I later sold for about $ 10,000.

From there:
  • I opened a Wells Trade account enabling me to have 100 free trades a year (I'm grandfathered into this deal ... no longer offered)
  • Shortly thereafter we paid our mortgage off and I began to invest $ 2,000 per month 
  • After a bit, we were at the point that we lived in one salary and invested the other
  • We continue to invest. Recently buying IBM and CSCO

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