News•Mar 9, 2026
What I Got Wrong About the Post-Global Financial Crisis Recovery ❤️🩹
On March 9 2009 the S&P 500 closed at a historic low of 676, marking the bottom of the Global Financial Crisis market decline. The National Bureau of Economic Research later confirmed the recession officially ended in June 2009, but did not announce this until September 20 2010. The author admits he previously believed the NBER’s dating was wrong, only to realize the recovery had already begun a year earlier. Since that trough, the index has surged more than fifteenfold.