As we approach the milestone 2,000 level on the S&P 500, it dawned on me that we have nearly tripled the value of the index since its last bottom in early 2009. It had been some time since I had visualized the broad-based equity index. Doing so in the chart above reflects the spectacular stock market…
Some of you know that, even after the 30-stock Dow Jones Industrial Average (DJIA) hit never-seen levels some weeks ago, I was eager to see another indicator do the same thing: the more broad-based Standard & Poor’s 500 Index (S&P 500) consisting of 500 of the United States’ largest, publicly-traded companies. This past week, the…
It was nearly here in 2000, then again in 2007; the S&P 500 index is once again at a record closing level of 1,565. The next milestone level for it to break will be the intraday high of 1,576 also achieved in 2007. What’s interesting about this level? We have now bounced off of it twice…
