The anniversaries are solemn because they mark the two days of the past 50 years when we investors most urgently should have taken action, and of course hardly any of us did. On March 9, 2009, we all should have broken our kids' piggy banks and bought pretty much anything. GE was $7 (recent price: $26); J.P. Morgan Chase was $16 (recently $58); an S&P index fund is up 170%. And on March 10, 2000, we should have sold or shorted every technology stock on the planet. Even a major player like Cisco had doubled in the prior six months, and it then lost 80% of its value the following year; lesser companies went to zero.
Not that we had to bet the farm on those exact days. Just coming close with some modest portion of our investments could have yielded spectacular results. Yet we didn't. So why not?
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|Overnight Avg Rate||Latest||Change||Last Week|
|30 yr fixed||4.36%||4.32%|
|15 yr fixed||3.38%||3.34%|
|30 yr refi||4.37%||4.30%|
|15 yr refi||3.37%||3.32%|
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