by Calculated Risk on 5/20/2010 03:45:00 PM

Click on graph for larger image in new window.

The first graph shows the S&P 500 since 1990 (this excludes dividends).

The dashed line is the closing price today. The S&P 500 was first at this level in March 1998; over 12 years ago.


The second 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.

As an aside, once again the Shanghai composite index appeared to lead both the S&P 500 and oil prices. Not only are there issues in Europe, but China is slowing ...