CHAPEL HILL, N.C. (MarketWatch) — Will the bull market come to an end on Oct. 9?
Don’t laugh. It turns out that two of the most prominent market turning points of the last decade occurred on this very date.
The first was the beginning of the 2002-07 bull market, which occurred Oct. 9, 2002.
The Dow Jones Industrial Average DJIA -0.81% on that date hit an intraday low of 7,282.39, and the S&P 500 index SPX -0.99% sank to 775.80 — more or less half the levels these indexes would rise to in five years’ time.
The second of those major turning points came as that 2002-2007 bull market was coming to an end. Believe it or not, its exact end was on — you guessed it — Oct. 9, 2007.