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Chart of the Day
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, then 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 eight-year uptrend as it continues to make new all-time record highs.

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Quote of the Day
"There is nothing permanent except change." - Heraclitus

Events of the Day
February 26, 2017 - Academy Awards - Daytona 500
February 28, 2017 - Mardi Gras
March 01, 2017 - Ash Wednesday
March 05, 2017 - Iditarod begins


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