The S&P 500: Flat Finish

The S&P 500: Flat Finish: "
June 13, 2011

After oscillating 0.89% between the intraday high and low, the S&P 500 closed the day about where it started, with a fractional gain of 0.07%. The index is now up 1.13% year-to-date but down 6.73% from the interim high of April 29. From a longer perspective, the index is 88.0% above the March 2009 closing low and 18.7% below the nominal all-time high of October 2007. Below are two charts of the index — with and without the 50 and 200-day moving averages.

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. More...

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