|The US stock market continues to rally with the S&P 500 as well as the Nasdaq trading up 0.7% on the day. For some perspective, today's chart illustrates the overall trend of the stock market (as measured by the Nasdaq Composite) since 2000. As today's chart illustrates, the post-financial crisis rally (which began in early 2009) has been significant enough to have the Nasdaq surpass its credit bubble highs of late 2007. In addition, the latest leg of the post-financial crisis rally has the Nasdaq at levels not seen in over 12 years. As today's chart illustrates, however, the Nasdaq is fast approaching resistance (see red line) of its three-year uptrend channel.Notes:
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Quote of the Day"The greatest thing in this world is not so much where we are, but in what direction we are moving." - Oliver Wendell Holmes
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