Friday, March 9, 2012
Three Years After, the Dow Has Gained Back its Losses
In March of 2009, things seemed grim for the stock market. From the last quarter of 2008 to March of 2009, the Dow was in a free fall, thanks in large part to the banking/housing crisis. On March 9 of 2009, the Dow was at 6,547. Today it is at 12,922, and it has gained back 97% of what it had lost. Many people were not in the buying mood in March of 2009 but that was a great time to buy. No doubt, many probably liquidated their 401k accounts, which is the worst thing they could have done. Kiplinger's magazine talks about 10 stocks that have surged since the 2009 bottom. The maker of the Sleep Number bed has been an amazing success story. Their stock (SCSS) has surged a staggering 12,000% in the past three years, going from 25 cents per share to $30. That company has been able to shed its debt load. Another success story is Pier One Imports (PIR). That stock has risen 11,000%, from 11 cents to $17.20.
For more success stories, check out the link: