Thursday, December 4, 2008

Recession is 'Official:' Is It Time To Look Forward?

THE FINANCIAL PHILOSOPHER: Recession is 'Official:' Is It Time To Look Forward?: "'You cannot see the mountain near.' ~ Ralph Waldo Emerson
Now for some perspective: From the high mark on October 9, 2007, to the recent low mark put in on November 20, 2008, the price movement of the S&P 500 is a 51.93% decline. Of course, we will not attempt to 'call a bottom' or make any predictions here, but let's make a few observations with specific reference to data (and following table) taken from Fidelity's Market Analysis, Research & Education

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