March 6, 2009: The Bottomz Inn
10 years ago today, the S&P 500 touched its bottom of 666 points. Today the S&P 500 closed at 2,771.45, an increase of 316% in 10 years.
March 6, 2009 was my 23rd birthday after graduating college in 2008. Today I turned 33 and I’m looking back in time. I had some extra lunch money back then, but I lacked knowledge and awareness of the markets. Late 2008 through early 2009, people around me and the CNN type channels were shouting to avoid stocks. An older coworker with a family mentioned with a worried face that he couldn’t look at his 401K because it looked like a “warzone”. I didn’t buy the dip. Years later, I learned those famous quotes “be greedy when others are fearful” and “buy when there is blood in the streets”.
In college I listened to a lot of 70s and 80s heavy metal. Metallica, Iron Maiden, Slayer, Judas Priest…so on. I was no stranger to “diabolical” themes. “Number of the Beast” by Iron Maiden is still one of my favorite songs! So hearing that the market bottomed at 666 on my birthday certainly perked me up! Was it a sign? From whom? Why?
Although I didn’t benefit financially from buying the bottom on my birthday, I benefited later in life from a hunger to understand how stocks move, based largely on this event and missed opportunity. Thus the genesis of my journey into technical analysis. Now I’m empowered with the tools to make successful trades in the market for the rest of my life, instead of getting supernaturally lucky once in a lifetime! -Harry
PS: Anyone have any interesting theories on how or why Mr Market chose that number for the bottom? Technical, fundamental, astrological, “insider” manipulation, or whatever. Interested in hearing any ideas!
Thanks for the memories Harry
666 that was amazing
Excerpt …
https://www.youtube.com/watch?v=dHAJHdvBhdM Live version
Yup .. that’s Phil at the kit.
666 is no longer alone
He’s getting out the marrow in your back bone
And the seven trumpets blowing sweet rock and roll
Gonna blow right down inside your soul
Pythagoras with the looking glass reflects the full moon
In blood, he’s writing the lyrics of a brand new tune
For a cleaner updated version of the whole piece .. Live At The Royal Albert Hall
NOT A SHORT PIECE!
https://www.youtube.com/watch?v=cOUjxvl0T1A
Pick up after 18:00 or so to catch the crescendo and the lyrics above.
Thanks pedro! I listened a lot to the Invisible Touch album when I was going through a breakup haha
reminds me…
Patrick Bateman: Do you like Phil Collins? I’ve been a big Genesis fan ever since the release of their 1980 album, Duke. Before that, I really didn’t understand any of their work. Too artsy, too intellectual. It was on Duke where, uh, Phil Collins’ presence became more apparent. I think Invisible Touch was the group’s undisputed masterpiece. It’s an epic meditation on intangibility. At the same time, it deepens and enriches the meaning of the preceding three albums. Christy, take off your robe. Listen to the brilliant ensemble playing of Banks, Collins and Rutherford. You can practically hear every nuance of every instrument. Sabrina, remove your dress. In terms of lyrical craftsmanship, the sheer songwriting, this album hits a new peak of professionalism. Sabrina, why don’t you, uh, dance a little. Take the lyrics to Land of Confusion. In this song, Phil Collins addresses the problems of abusive political authority. In Too Deep is the most moving pop song of the 1980s, about monogamy and commitment. The song is extremely uplifting. Their lyrics are as positive and affirmative as, uh, anything I’ve heard in rock. Christy, get down on your knees so Sabrina can see your ass. Phil Collins’ solo career seems to be more commercial and therefore more satisfying, in a narrower way. Especially songs like In the Air Tonight and, uh, Against All Odds. Sabrina, don’t just stare at it, eat it. But I also think Phil Collins works best within the confines of the group, than as a solo artist, and I stress the word artist. This is Sussudio, a great, great song, a personal favorite.
666. They who rule this world love their numerology, love their symbolism, and love to flash it in everyone’s face.
They worship Lucifer, and that sounds crazy, but he’s real. One day everyone will find out…
They were saying hi to their leader… most likely all the powers behind the scenes had buy orders to make sure to purchase heavily at that number to make it a tribute to him…
Thanks PC. Yes, the ‘powers that be’ have their symbolism on the US dollar. Even the dollar sign itself ($) has the form of a snake around a staff. If you google search ‘the alchemical dollar’ you’ll find some interesting theories to read…
In a way, I kinda see the Dow Jones Industrial Average as the ‘Revived Tower of Babel’.
I think I also remember reading that Bitcoin topped out at 16,666 EURO.
‘They’ created the money, own the money, and can manipulate the markets to create tops and bottoms at whatever price they want to send a message.
I hope it isn’t true, but its plausible I suppose.
Spot on PC
You might like this video from a chap called ‘biff’ called ‘Occult Money Exposed’.
28 mins demo of occult symbolism on our money – IMHO it’s the best on YT:
https://www.youtube.com/watch?v=zEpsFEqyc9Y
Thanks Paul! Will give it a watch tonight before I go to bed haha