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What is the biggest lesson five years after the Sept. 15 Lehman bankruptcy? "More money came out of equities than ever before. And that is exactly when people should have been investing," Tuchman says. We know now that the old wisdom to "buy when there is blood in the streets" held true even as the financial crisis erased half of all global equity value in a few short months in late 2008 and early 2009. After all, stocks are flirting with new highs now.
