Many segments of the U.S. stock market have retraced a large portion of the losses that occurred from October 2007 through March 2009. Chart of the Day provides the below detail on this recovery.
"For some perspective on the post-financial crisis rally, today's chart illustrates how much of the downturn that occurred as a result of the financial crisis has been retraced by each of the five major stock market indexes. For example, the Dow peaked at 14,164.53 back in October 9, 2007 and troughed at 6547.05 back on March 9, 2009. The Dow currently trades at 12,229.29 -- it has retraced 74.6% of its financial crisis bear market decline. As today's chart illustrates, each of these five major stock market indices have retraced over 70% of their financial crisis decline. However, it is the Russell 2000 (small-cap stocks), the tech-laden Nasdaq, and the S&P 400 (mid-cap stocks) that have recouped nearly all or (in the case of the S&P 400) more than all of the losses incurred during the financial crisis."
|From The Blog of HORAN Capital Advisors|