By Marc Courtenay:
"If a person does not keep pace with their companions, perhaps it is because they hear a different drummer. Let them step to the music which they hear, however measured and far away". Henry David Thoreau (1817-1862)
While Wall Street and the stock market moves higher on the back of the incredible monetary policies of the Federal Reserve, there are a small group of investors who "...perhaps...hear a different drummer". The before-February 9th market correction was not fully realized, and that's mainly because the biggest stock market participants were determined to keep it buoyant for the time being.
The five year chart of the S&P 500 demonstrates the more-than-100 percent run-from its March 2009 low of 666 to its current 1350 closing on February 8th. This depicts the most powerful comeback of the past seven cyclical stock market recoveries. It's nothing shy of impressive!
In an eye-opening article by CNBC
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