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The Infamous 666.79

Ten years ago this week the S&P 500 hit an intraday low of 666.79. If you were a buyer that week, your annualized return since then would have been 18 percent. But it takes balls to buy into the fear while the world is ending and everyone is running for the exits. Only contrarians and buy-and-hold guys like Buffet do this sort of thing, specially in the midst of a financial meltdown.

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