“We added significant equity exposure at or near the exact market lows in March that preceded the current market rally. In most cases the amount of equity exposure added ranged from 10% to 15% and was concentrated in depressed value funds. Looking back many years from now, it will be clear that this period represented a good opportunity to buy stocks at attractive levels.”
– ACM Quarterly Commentary, April 23, 2009
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THE STOCK MARKET LOW OCCURRED ON MARCH 9, 2009, COMMENCING A NINE-YEAR, 350% PLUS BULL MARKET IN THE S&P 500 INDEX THAT CONTINUES TODAY.
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