If you love all this chatter about anniversaries, you have plenty more to look forward to this month. Tuesday, of course, marks the first anniversary of the stock market's recovery after the S&P 500 finally began to recover from its 12-year lows in 2009.
Save the candles, though. As noted by Eddy Elfenbein at Crossing Wall Street, March 11 marks the seventh anniversary of the stock market's 2003 low - eclipsed by the 2009 selloff but nonetheless an important date given that markets were deflating from the bust of the dot-com bubble in 2000.
Wait, there's more. March also marks the 10th anniversary of the bull-market high of 2000 - that would be the height of the dot-com bubble when the S&P 500 closed at 1527.46 on March 24. Even after the impressive stock market recovery over the past 12-months, the index is still more than 25 per cent below that point.
"However, the index that everyone was watching back then was the Nasdaq which marked its closing high of 5,048.62 ten years ago this Wednesday," Mr. Elfenbein said on his blog. The Nasdaq composite index is still more than 50 per cent below that high-water mark.