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2nd Anniversary of Rally

S&P 500

Two years ago, the market made a significant bottom after the sub-prime crash. You can see on the chart that we had one correction and side-ways pause but other than that its been a fairly straight move up.

Going into that bottom, we were very over-weight in cash in client accounts, but in a few days we were at our maximum allocation to equity securities in client accounts.

At the time, I wrote a lengthy blog post explaining why we believed that the crash had bottomed. You can find it here: March 10, 2009 Blog Post.

Sorry for the short blog post but I’m in a series of meetings this week, but I just wanted to make sure to wish you a happy anniversary as we’ve all made a lot of money in this rally.

Click here for video on YouTube