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For some perspective on the post-financial crisis rally, today's chart illustrates how much of the downturn that occurred as a result of the financial crisis has been retraced by each of the five major stock market indexes. For example, the Dow peaked at 14,164.53 back in October 9, 2007 and troughed at 6,547.05 back on March 9, 2009. The most recent close for the Dow is 19,855.53 -- it has retraced 174.7% of its financial crisis bear market decline. As today's chart illustrates, each of these five major stock market indices have retraced over 170% of their financial crisis decline. However, it is the tech-laden Nasdaq that leads the pack with a retracement of 269% -- impressive considering the severity of the financial crisis bear market.

Notes:
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Quote of the Day
"History is a cyclic poem written by time upon the memories of man." - Percy Bysshe Shelley

Events of the Day
January 16, 2017 - Martin Luther King Jr. Day (observed) - Australian Open Tennis Tournament begins (ends Jan. 29th)

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