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Chart of the Day
The stock market has been working its way higher since its late November lows. A somewhat positive ending to what was a very dismal year. The Dow was down 33.8% in 2008. To put this year's performance in perspective, today's chart illustrates the 15 worst calendar year performances of the Dow since its inception in 1896. As today's chart illustrates, the Dow's performance in 2008 ranks as the third worst on record. Only 1931 and 1907 endured greater declines. It is of interest that major banking crises occurred in 1931, 1907, 2008, and 1930 – the four worst calendar years on record in terms of stock market performance.
Notes:
- Where's the market headed? The answer may surprise you. Find out right now with the exclusive & Barron's recommended charts of Chart of the Day Plus.
Source - Dow Jones
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Quote of the Day
"About the time we can make ends meet, somebody moves the ends." - Herbert Hoover
Events of the Day
January 01, 2009 - New Year's Day - Rose Bowl - Orange Bowl
January 02, 2009 - Sugar Bowl
January 05, 2009 - Fiesta Bowl
January 06, 2009 - US Congress convenes
January 08, 2009 - BCS Championship Game
January 11, 2009 - Golden Globe Awards
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