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Chart of the Day
The S&P 500 continues to work its way higher and closed at new rally highs. So how does the current S&P 500 rally rank? To answer this question and to provide some perspective, all major S&P 500 rallies of the last 75 years are plotted on today's chart. With the S&P 500 up 87.5%, the current rally is the third longest in duration but slightly below average in magnitude. Stay tuned...
Notes:
- Does the rally continue or is the party over? The answer may surprise you. Find out now with the exclusive & highly regarded charts of Chart of the Day Plus.
- The S&P 500 was not adjusted for inflation or dividends.
- There are 252 trading days in a year (100 trading days equal about 4.8 calendar months).
- A major stock market rally has been defined as a 30% or greater increase in the S&P 500 (following a major correction).
Source - Standard & Poor's
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Quote of the Day
"It is impossible to produce a superior performance unless you do something different from the majority." - Sir John Templeton
Events of the Day
February 18, 2007 - Chinese New Year - NBA All-Star Game - Daytona 500
February 19, 2007 - President's Day - Washington's Birthday (observed)
February 20, 2007 - Mardi Gras
February 21, 2007 - Ash Wednesday
February 25, 2007 - Academy Awards
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