Happy 5th Anniversary To The Bull Market
5 years ago today, the S&P 500 made its post-crisis low at the oddly demonic 666 level. What many may not remember is... the last so-called-at-the-time "secular" bull market lasts exactly 5 years and 1 day (from October 10th 2002 to October 11th 2007)... it's different this time though.
The last "secular bull market"
The current "secular bull market"
h/t Brad Wishak of NewEdge
Of course - nothing changes...
As a gentle reminder: At the end of October 2007, right before markets began their descent to their current lows Cramer gave out investment advice on his wildly popular show, Mad Money.
Here was his game plan at the time:
"You should be buying things and accept that they are overvalued, but accept that they're going to keep going higher.
I know that sounds irresponsible, but that's how you make the money.
Right now, up is down, left is right, peace is war."
Indeed. Just don't look at the following chart...
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