by Calculated Risk on 3/03/2009 03:49:00 PM

The S&P 500 closed below 700 today at 696 and change. We are back to 1996 prices ...

Click on photo for larger image in new window. Photo credit: lama Reader lama just took this picture at the wildlife zoo in Phoenix. Lama suggests that "Black Swine" might be more in keeping with the Mortgage Pig theme!

Click on graph for larger image in new window.

By popular demand I've extend this graph back to 1990.

The low in 1996 was 598.48.

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)



The 2nd worst 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.