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Market Update

By Anonymous

Since it is the end of January ... here is a market update:

Click on graph for larger image in new window.

The first graph shows the S&P 500 since 1990.

The dashed line is the closing price today. The S&P 500 was first at this level in March 1998; almost 12 years ago.

The market is off 6.6% from the recent peak - not even a correction yet, but keep your Dow 10K hats at the ready (the Dow is down to 10,067)!

The S&P 500 is up 59% from the bottom in 2009 (397 points), and still off 31% from the peak (491 points below the max).

The second graph is from Doug Short of dshort.com (financial planner): "Four Bad Bears".

Note that the Great Depression crash is based on the DOW; the three others are for the S&P 500.

Full post as published by Calculated Risk on January 29, 2010 (boomark / email).