|As the first decade of the new millennium rapidly comes to a close, today's chart takes a look back at the decade that was. Today's chart begins shortly after the stock market as well as the nation was partying like it's 1999 (i.e. dot-com boom). The proverbial punch bowl was taken away early in 2000 and the Nasdaq suffered its 2 1/2 year dot-com bust. The market eventually bottomed and began a five-year rally thanks in part some infamous financial innovations (i.e. Ninja loans -- No Income, No Job, and no Assets). Then as it became apparent that those financial innovations weren't quite as innovative as first hoped, the system went into near meltdown. Over the past nine months, the Nasdaq has been rallying (albeit at a pace that is slowing over time) and is currently testing resistance. All in all, a tough decade.Notes:
- The market is at a critical juncture. Where we go from here may surprise you. Find out right now with the exclusive charts of Chart of the Day Plus.
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Quote of the Day"I don't set trends. I just find out what they are and exploit them." - Dick Clark
Events of the DayDecember 21, 2009 - First day of Winter (Northern Hemisphere)
December 25, 2009 - Christmas Day
December 26, 2009 - Kwanzaa (1st day)
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