Remember October 9, 2007, a day exactly ten years ago?

It was exactly 10 years ago today on Tuesday October 9, 2007 that the S&P 500 peaked at a then all-time high record, closing at 1565. The next day started the beginning of its painful descend. It was a long journey that lasted 17 months and resulted in a 57 percent drop of the S&P 500 index. This was the worst bear market loss in the last 80 years. It was not only an economic, and financial loss. It was also a loss of confidence in the system. With a 20/20 hindsight, let us look at the momentous year that followed this day. 2008 was a year many of us should not forget. The S&P 500 is an index which is made up of 500 stocks chosen for market size, liquidity and industry group representation.

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