What can we help you find?
INDIVIDUAL RETIREMENT ACCOUNT: The name says it all
Back to the blog

Bull Market Anniversary

Last week marked the 8th anniversary for the bull market in stocks that began on March 9, 2009 when the S&P 500 bottomed at 666. The adjacent table lists total returns for various asset classes since then.

Three observations can be made. First, U.S. stocks have been the runaway winner. As long term investors know, however, market leadership invariably rotates, and other asset classes like foreign stocks may be due for a period of outperformance.

Secondly, we can recall that 82% of investors reported having a bearish outlook on stocks in early March 2009, according to the AAII. The Wall Street Journal ran a headline on the day of the market low: “Dow 5,000? There’s a Case for It.” (The Dow Jones Industrial Average closed Friday just shy of 21,000). Investors who remained disciplined in the face of such pessimism were richly rewarded.

Third, consensus market opinion is often wrong, precisely because widely held views are already reflected in asset prices. Investors can, at times, be rewarded by going against popular opinion and sensational headlines.

Capture

This report is based on data obtained from sources we believe to be reliable. Hefren-Tillotson does not, nor any other party, guarantee the accuracy or completeness of this report or make any warranties regarding results obtained from its usage. All opinions and estimates included in this report constitute the firms judgment as of the date of this report and are subject to change without notice. This report is for informational purposes only and is not intended as an offer or solicitation to buy or sell the securities herein mentioned.

DISCLAIMER: Past performance does not predict future results. This report is based on data obtained from sources we believe to be reliable. Hefren-Tillotson does not, nor any other party, guarantee the accuracy or completeness of this report or make any warranties regarding results obtained from its usage. All opinions and estimates included in this report constitute the firms judgment as of the date of this report and are subject to change without notice. This report is for informational purposes only and is not intended as an offer or solicitation to buy or sell the securities herein mentioned.
Investment Advisory Team
Hefren-Tillotson

Questions about this article?

Hefren-Tillotson Inc. is a leading diversified financial services firm providing investment and retirement plan management and comprehensive, financial planning through MASTERPLAN® for individuals and businesses. The firm’s wealth management services are administered by Certified Financial Planner (CFP) professionals, Chartered Financial Analyst (CFA) Charter holders, attorneys, Chartered Life Underwriters, and CPA/PFS’s. Hefren-Tillotson offers corporate services including 401(k) retirement planning, executive financial counseling, fiduciary reviews and workplace financial planning seminars. Founded in 1948, the firm is headquartered in Pittsburgh and has offices located in Pittsburgh, Butler, Greensburg, North Hills, and South Hills.