MICHEL PIREU: History reveals there is no certainty on when bear markets will recover
Stock markets follow cycles, but as the great crash of 1929 has shown no-one knows when the bottom has been reached
It’s almost 11 years since the S&P 500 hit its lowest points of the 2008 financial crisis: an intraday low of 666.79 on March 6 2009.
What lessons should we have learnt from the crisis and subsequent market performance? The consensus seems to be that markets crash, markets recover, and markets then go on to new heights. Rinse and repeat. Had you started buying stocks in March 2009 you would have made a handsome return.