|For some perspective on the latest stock market action, today's chart presents the trend of the S&P 500 so far this millennium. As today's chart illustrates, stock market action since 2000 has been extremely volatile with two massive bear markets each being followed by a strong recovery rally. It is interesting to note that both of these bear market rallies are somewhat similar in form (i.e. strong first-year rally followed by a more moderate rally in succeeding years). As for the current state of the market, the S&P 500 continues to trade within the confines of its six-year uptrend but is currently testing support.Notes:
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Quote of the Day"After a storm comes a calm." - Matthew Henry
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