Chart of the Day
Wednesday, the S&P 500 closed at a new (2002-2005) rally high of 1,245.04. So how does this rally rate? Today’s chart illustrates the average percent change in the S&P 500 during the first 1000 trading days following a major stock market correction (15% or more). The chart illustrates that the market tends to achieve the majority of its gains during the first two years (504 trading days). The reasons for the reduced gains as rallies age are two-fold. First, longer rallies have not tended to result in proportionally larger gains. Second, most rallies have not lasted 1000 trading days. Therefore, more significant corrections are included in the gray average line as it approaches 1000 trading days. In the end, when compared to stock market rallies since 1950, the current rally has been extremely average. Stay tuned…
- What are our latest indicators and studies saying about future stock market trends? Find out with the exclusive long-term stock market charts, indicators, and studies of our premium service Chart of the Day Plus.
Source - Standard & Poor's
Rate today's Chart of the Day
By voting every day you help us get you the charts you want to see.
Quote of the Day
"Ride the horse in the direction it's going." - Werner Erhard
Events of the Day
August 11, 2005 - PGA Championship begins (ends August 14th)
Mailing List Info
Chart of the Day is FREE to anyone who subscribes.
-- To subscribe, simply type in your email address at the top left of this page.
-- To unsubscribe, simply fill in our unsubscribe form.
-- To change your email address, first subscribe with your new email address and then unsubscribe your old email address (as described above).
Chart of the Day provides this mailing list to subscribers without warranty of any kind and accepts no responsibility for its accuracy or for any consequences of its use.