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"
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The current "secular bull market"
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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.
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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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