Two Markets on Similar Paths— Except for Volatility

The market recoveries from the Tech Crash and the Financial Crash were remarkably similar.   As I blogged in February 2012, the S&P 500 index closed out the 2009 to 2012 period within 4 percent of the index 6 years before.     The 2012 year market, just like 2011, started out fast but the spring correction brought it back to the old path.   In …

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