Drats! The Market Sets a New Low February 23, 2009 updated each market day Today, sadly, the S&P 500 failed a retest of the November 20th low of 752.44. At one point the index had risen 24.2% above that low, prompting hope of a new bull market. But that was not the case. Still, the price action of the past 4 1/2 months resembles a bottoming process. Fingers crossed!