Fourteen years ago, the stock market was on the cusp of one of the most improbable bull markets in history. Today, history may be repeating itself.
March 9, 2009, was like many of the days that came before it. Stocks were still reeling from the impact of the Great Financial Crisis, and notched even more losses. The
Dow Jones Industrial Average
had both lost more than a quarter of their value since the start of the year, but still fell to levels not seen since 1997 and 1996, respectively. The
was retesting lows from the dot-com bust, closing at its lowest point since late 2002.