by Calculated Risk on 3/12/2009 03:58:00 PM

The only thing that is certain recently is volatility.

DOW up 3.5%

S&P 500 up 4.1%

NASDAQ up 4.0%

The S&P has now rallied back to 1997 prices!

Click on graph for larger image in new window.

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

This is still the 2nd worst S&P 500 / DOW bear market in the U.S. in 100 years.

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