If You'd Invested $5,000 in the S&P 500 at the Great Recession Bottom, Here's What You'd Have Today
The lowest points in the stock market can also be the starting point for big rallies.
Overview
At the lowest point of the financial crisis in the late 2000s, it felt like the U.S. economy might literally fall apart. The economy was in the midst of a deep recession. The housing market was collapsing. The unemployment rate briefly topped 10%.
To say the least, it sure didn't feel like the best time to be buying stocks.
Details
At its lowest point on March 9, 2009, the S&P 500 (SNPINDEX: ^GSPC) closed at 676.53. The index wouldn't hit a new all-time high again until 2012.
Source
Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.