“Bull markets are born on pessimism, grow on skepticism, mature on optimism and die on euphoria." Sir John Templeton
Good evening:
“How low can stocks go?”
That was the ominous headline in The Wall Street Journal 14 years ago this week as the Dow had fallen four straight weeks, while the S&P 500 was below 700 for the first time in 13 years (1996). At the time, few people not named Warren Buffett or Tom Lee were bullish on U.S. equities. Yet March 2009 turned out to be one of ...