November 19 , 2010
The S&P 500 closed the week just a hair short of the 1,200 level at 1,199.73. Today's gain was 0.25%, but the week's performance was essentially flat — a gain of 0.04%. The index is 77.3% above the March 9 2009 closing low, which puts it 23.3% below the nominal all-time high of October 2007.
For a better sense of how these declines figure into a larger historical context, here's a long-term view of secular bull and bear markets in the S&P Composite since 1871.
For a bit of international flavor, here's a chart series that includes an overlay of the S&P 500, the Dow Crash of 1929 and Great Depression, and the so-called L-shaped "recovery" of the Nikkei 225. I update these weekly.
These charts are not intended as a forecast but rather as a way to study the current market in relation to historic market cycles.
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