By JLP | November 21, 2008
This is unprecedented in the history of the S&P:
If this were to hold up for the rest of the year, it would be the worst 1-year performance in the history of the S&P Index*.
Now, I’d like to know your opinion:
Has this been overblown?
I’m starting to think it has been overblown, which makes these times an excellent buying opportunity. We may very well stay low for awhile but eventually this things gonna turn.
*Remember the S&P 500 began trading in March of 1957. Prior to 1957 it was an index composed of 90 stocks.