Soon after the market bottom of March 2009, we stated that the sharp week-long market drop in October 2008 resembled the market “crash” of October 1987.
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The Information Technology sector comprised just over 16.5% of the S&P 1500 Index at the end of 2007. As of September 2017, the Information Technology sector grew to comprise over 22% of the Index and became the largest sector by market cap weight.