If You Had Invested In Stocks At The Peak Of The Market…
By David Spurr on May 5, 2009 | More Posts By David Spurr | Author's Website
If you had $1 million invested in equities at the peak of the market, then even at these levels, you’re still down close to 42% on your investment. That’s even with the 36% rally of the 666 bottom. The markets are definitely extended here short term and could be setup for a pullback.
The move off the bottom is approx 240 points, a 50% pullback would bring us back to 787 levels. It’s not unrealistic to think that this couldn’t take place. I would be very cautious about adding at these levels.
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