{"id":413505,"date":"2010-03-10T09:21:00","date_gmt":"2010-03-10T14:21:00","guid":{"rendered":"e2249889-c78b-43e3-9643-b1d7d4aa587b:405686"},"modified":"2010-03-10T09:21:00","modified_gmt":"2010-03-10T14:21:00","slug":"year-two-what-to-expect","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/413505","title":{"rendered":"Year Two: What to expect"},"content":{"rendered":"<p>A year after the market\u2019s lows, everyone wants to know what Year Two will look like.<\/p>\n<p>Using the ten S&amp;P 500 bear market troughs since 1926, Bank of American Merill Lynch (BAML) found that the average price advance from a bear market low in Year Two is 9%. This follows an average gain of 46% in the first yeara.<\/p>\n<p>On nine out of ten occasions, the second year after a trough was a year of positive returns for the S&amp;P 500. History also shows that fixed income returns tend to be flat in Year Two.<\/p>\n<p>BAML believes March 9, 2009 was a multi-year bear market low and expects 2010 will be different from the extreme markets of 2008 and 2009. \u201cNeither a major collapse nor a massive gain is likely.\u201d<\/p>\n<p>David Bianco, its chief U.S. equity strategist, has a target of 1,275 for the index, which represents upside of 12%. BAML\u2019s fixed income strategists anticipate a slightly negative return for U.S. treasuries in 2010.<\/p>\n<p><a href=\"mailto:jratner@nationalpost.com\">Jonathan Ratner<\/a> <\/p>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/network.nationalpost.com\/NP\/aggbug.aspx?PostID=405686\" width=\"1\" height=\"1\"><\/p>\n","protected":false},"excerpt":{"rendered":"<p>A year after the market\u2019s lows, everyone wants to know what Year Two will look like. Using the ten S&amp;P 500 bear market troughs since 1926, Bank of American Merill Lynch (BAML) found that the average price advance from a bear market low in Year Two is 9%. This follows an average gain of 46% [&hellip;]<\/p>\n","protected":false},"author":4059,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-413505","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/413505","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/users\/4059"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=413505"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/413505\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=413505"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=413505"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=413505"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}