Kids, the charts below will show you the turmoil of the years. Enjoy the notes attached to each.
1st Half 2011
2nd Half 2011
1st Half 2012
2nd Half 2012
1st Half 2013
2nd Half 2013
As you can see from the above, fear and greed can cause enormous swings daily. We often forget how dfficult riding a bull market and navigating the moves actually are. History is kind to an overall trend, after all. There is no way of playing every nuance in a market at any given time.
For me, the Bull Market started in October 2011, the reasons for which are apparent with the notes. The market in October 2011 became a discounting mechanism for the fist time since 2007. Healthy markets are always primed with a dose of skepticism which allows for upside suprises at a time in the future. This is as precisely what I was noting during the summer of 2011 into the October. A broken market which was not discounting, morphing to a healthy market that was. Do not get drawn in by those that suggest the bull market started in March 2009, the price of SPX just bottomed then. If you manage to speak to some veterans of the 70's and 80's they will happily remind you that just because price bottomed, it did not necessarily mean the start of the bull market was at the same time.
The detail on the above charts are noted purely because I cant hold all the minutae and I needed a few reminders along the road.
As it pertains to remembering dates, remember Mum's b'day, it's important!!!
Queen takes Pawn
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