Episode 1410: What 9/11 Meant and Still Means for Investors

Today's Post - https://bahnsen.co/4ioMZyT

On September 11, 2026, David Bahnsen marks the 25th anniversary of 9/11 with reflections as an investor, an American, and a person, focusing mainly on market lessons. He notes the S&P 500 was already down about 30% from its 2000 high before 9/11 amid falling earnings and a valuation re-rating, then reviews how markets closed for four days and fell sharply upon reopening, with about $1.5 trillion in market value lost that week. Bahnsen argues 9/11’s enduring investor lesson is not generic “markets recover,” but that markets adapt because human innovation and resilience reassert themselves, with U.S. equities up about 1,100% since. He also recalls post-9/11 national unity as diminished today, shares his personal experience as a newlywed facing career uncertainty, and recommends the 9/11 Museum while emphasizing remembrance.

00:00 9/11 Anniversary Intro

02:10 Why 9/11 Matters Investors

03:26 Markets Before the Attacks

05:26 Trading Halt and Reopen

09:28 Recovery Was Not Different

11:39 Human Nature Drives Markets

15:21 National Unity Then Now

17:41 Personal Life Lessons

20:58 Never Forget Closing

Links mentioned in this episode: DividendCafe.com

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