While the stock market has rallied nicely since bottoming on March 9th, the economy continues to struggle. For some perspective on the current economic recession, today's chart illustrates the duration of all US recessions since 1900. As today's chart illustrates, the five longest recessions all began prior to 1930. The length of the current recession (now entering its 16th month) is above average and equal to the longest recessions (1973 & 1981) since the Great Depression.
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 - NBER
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Quote of the Day "The market can stay irrational longer than you can stay solvent." - John Maynard Keynes
Events of the Day
April 06, 2009 - Masters golf tournament begins (ends April 12th) April 08, 2009 - Passover (1st day) April 10, 2009 - Good Friday April 12, 2009 - Easter April 15, 2009 - Personal income taxes due (US)
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