The S&P cash index rallied from 1258.86 to 1408.47 in the first quarter of 2012, or over 11%. An impressive performance, with many in the financial media comparing the current market structure as similar to gains in Q1 of 1987.
As a reminder of 1987, something to ponder over the weekend.
This is in no way a prediction, just some perspective on how things can change pretty quick.
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