Monday, March 23, 2009

Stock Market: Up, up and Away!

by Bill McBride on 3/23/2009 04:00:00 PM

An amazing day ...

DOW up 6.8% (about 500 points)

S&P 500 up 7.1% (54 points)

NASDAQ up 6.8% (almost 100 points)

Stock Market Crashes Click on graph for larger image in new window.

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

This is 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.

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

The dashed line is the closing price today.

If you bought in May 1997 - congratulations - you are now even (not counting inflation and dividends).