Thursday, April 26, 2007

stock market rallies / dow since 1900

The Dow made another record high yesterday as it crossed the 13,000 level for the first time. To provide some perspective to the current Dow rally that began in 2002, all major market rallies of the last 106 years are plotted on today's chart.
Each dot represents a major stock market rally as measured by the Dow. So what does this chart show? As it stands right now, the current Dow rally would be classified as long in duration (now the fourth longest since 1900) but below average in magnitude. Stay tuned...

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Anonymous Anonymous said...

Might the longer than average duration and lower/medium magnitude of stock market appreciation be possibly due to the fact that we saw liquidity spread across a vast specturm of asset classes, rather than just the US equities markets? Just a thought.

9:07 PM  
Blogger jmf said...

very good point

12:55 AM  

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