One Year after February 2009
Submitted by Grunden Financial Advisory, Inc on March 12th, 2010Close to a year ago from today, the market hit a low point...but no one really knew it. The headline on USA Today, February 27, 2009 read, "Dow Posts Sixth Straight Monthly Loss, Drops 11.7% in February". The loss in February was the second-worst monthly decline the index measured...a loss of 18.4% in February 1933 is the lowest to date. The S&P didn't fare any better.