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November 9, 2017 |
Spot the Difference: 2017 and 2007

It has been a decade since the last equity bear market showed its claws. The S&P 500 hit a pre-credit crisis high of 1565.2 on October 9, 2007 before cratering all the way down to 676.5 during the “Great Recession” and a severe bear market followed. Of course, the stock market is now well-beyond that prior peak—the S&P 500 ended the past month near record highs at 2575.3. Yet even with a lengthy recovery under our belt, the prior downdraft is still fresh in the minds of many...