Green Shoots ca. 2001
From “Happy Days Are Here Again”, Forbes 11/26/2001:
Whatever the economists say, U.S. equity investors already gather they can see green shoots of recovery pushing through the asphalt of busy mall parking lots. Since the post-attack lows of Sept. 21, the Nasdaq has risen by more than 36%, the S&P 500 by almost 20% and the Dow by 21%–to just a hurrah short of the 10,000 mark.
The market then popped 5% then preceded to fall another 30%. Just some historical perspective…