by Calculated Risk on 4/09/2009 03:45:00 PM
Thursday, April 09, 2009
Market: More Volatility
Another day, another big swing ...
Dow up 3.1% (back above 8,000)
S&P 500 up 3.8%
NASDAQ up 3.9%
Click on graph for larger image in new window.
The first graph is from Doug Short of dshort.com (financial planner): "Four Bad Bears".
Note that the Great Depression crash is based on the DOW; the three others are for the S&P 500.
The second graph shows the S&P 500 since 1990.
The dashed line is the closing price today.
This puts the recent rally into perspective - the S&P is still off about 45% from the 2007 high.