Markets - The Sling Shot Recovery

As we passed the huge market low in March 2009, I described what I expected to see next.

Market indexes had fallen so far so fast that I said it was like a sling shot pulled all the way back. The underlying trend was still heading lower, but we had fallen so far below the trend that a quick and sizable recovery was probable.

The sling shot recovery that I looked for in March is now history, and huge surges in any direction often lead to big reactionary moves. Hold onto your hats!

S&P 500 close 1029.85
Oct 1, 2009