|
|
 |
|
The following chart was published on March 12, 2003. Three months later the S&P 500 was up 25%. And small stocks did better as the Russell 2000 was up 38%!
Stay on top of your investment portfolio.
<<< Sign up for your Chart of the Day. It's free!
Chart of the Day
The stock market continues to sell off on concerns of a potential war with Iraq. To provide some perspective, today's chart illustrates the price action of stocks, oil, and gold from 20 trading days before to 63 trading days after the beginning of the 1991 Gulf War. While a war with Iraq would have some significant differences when compared to Gulf War I, they are likely the most similar geopolitical crises. What does the chart show? Oil prices increased right up until the beginning of the war and then plunged as soon as hostilities broke out. The stock market struggled prior to the war and then surged when the war began. After the initial surge, stocks continued to trade higher (especially small-cap stocks) as it became apparent that the war would be short, contained (i.e. no oil embargo or other countries drawn into the war), and relatively low in casualties with no apparent use of biochem weapons.
Source - various
Rate today's Chart of the Day
Excellent
5
4
3
2
1
No good
By voting every day you help us get you the charts you want to see.
Quote of the Day
"History is a vast early warning system." - Norman Cousins
Events of the Day
March 17, 2003 - St. Patrick's Day
March 20, 2003 - First day of Spring (Northern Hemisphere)
March 23, 2003 - Academy Awards
Mailing List Info
Chart of the Day is FREE to anyone who subscribes.
-- To subscribe, simply type in your email address at the top left of this page.
-- To unsubscribe, simply fill in our unsubscribe form.
-- To change your email address, first subscribe with your new email address and then unsubscribe your old email address (as described above).
Chart of the Day provides this mailing list to subscribers without warranty of any kind and accepts no responsibility for its accuracy or for any consequences of its use.
|
|
