Monday, March 02, 2009

Market: More Cliff Diving

by Bill McBride on 3/02/2009 03:48:00 PM

The S&P 500 closed just above 700. We are back to 1996 prices ...

The low in 1997 was 737.01.

The low in 1996 was 598.48.

S&P Lost Decade Click on graph for larger image in new window.

DOW off about 4.3%

S&P 500 off about 4.7%

NASDAQ off 4.0%

The second graph is from Doug Short of dshort.com (financial planner): "Four Bad Bears". (If not updated right way, Doug should update in a few minutes)

Stock Market Crashes

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

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