  
 |
| Chart of the Day |
|
Many investors are looking to the early 1930s for some insight into the current economic/stock market environment. While there are significant differences (global economy, credit default swaps, TARP, FDIC, etc.) between the current environment and that what occurred in the early 1930s, there are also many similarities (bank failures, bankruptcies, severe market declines, etc.). After all, history may not repeat but it often does rhyme. For some perspective on the current stock market rally that began on March 9th, today's chart illustrates the duration (calendar days) and magnitude (percent gain) of all significant Dow rallies that occurred during the 1929-1932 bear market (solid blue dots). For example, the bear market rally that began in October 1931 lasted 35 calendar days and resulted in a gain of 35%. As today's chart illustrates, the current Dow rally (hollow blue dot labeled you are here) is slightly below average in both duration and magnitude relative to the average 1929-1932 bear market rally (hollow red dot).
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.
Rate today's Chart of the Day
Excellent
5
4
3
2
1
No good
By voting every day you help us get you the charts you want to see.
Quote of the Day
"The charm of history and its enigmatic lesson consist in the fact that, from age to age, nothing changes and yet everything is completely different." - Aldous Huxley
Events of the Day
May 01, 2009 - May Day
May 02, 2009 - Kentucky Derby
May 05, 2009 - Cinco de Mayo (Mexico) - National Teacher Day
May 10, 2009 - Mother's Day
May 13, 2009 - Cannes Film Festival begins (ends May 24th)
Mailing List Info
Chart of the Day is FREE to anyone who subscribes.
To ensure email delivery of Chart of the Day, add mailinglist@chartoftheday.com to your whitelist.
|
|
|
