|For some perspective into stock market performance during a recessionary period, today's chart illustrates the average performance (since the 1945 recession) of the S&P 500 following the beginning of a recession (blue line). For comparison, the chart also presents the performance of the S&P 500 following the beginning of the last recession (which began March 2001 – gold line) and following the current recession (which began December 2007 – red line). As the chart shows, the stock market has tended to decline for several months preceding and six months following the beginning of a recession. Stock market performance following the commencement of the last two recessions has been much more severe than average both in magnitude and duration.Notes:
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Quote of the Day"Prosperity cannot be restored by raids upon the public Treasury." - Herbert Hoover
Events of the DayApril 20, 2009 - Boston Marathon - Pulitzer Prizes announced
April 22, 2009 - Earth Day
April 22, 2009 - Administrative Professionals Day
April 23, 2009 - Take Our Daughters & Sons to Work Day
April 24, 2009 - Arbor Day
April 25, 2009 - NFL Draft begins (ends April 26th)
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