03/11/2011
3/9/09-3/9/11
A Look Back
We hit the two-year anniversary of the March 9, 2009, low so I thought we’d take a look at where we’ve gone since then, as well as where the major averages have been at key dates since the 2000 bull market ended. The exercise is made easier by the fact 10/9/02 and 10/9/07 marked broad-based market lows and highs in all three U.S.-based indices, as was the case with the 3/9/09 bottom.
S&P 500
3/24/00…1527 [then all-time high]
10/09/02…776
10/9/07…1565 [new all-time high]
3/9/09……676
3/9/11…..1320 [up 95% off the ’09 low]
Nasdaq
3/10/00…5048 [all-time high]
10/9/02…1114
10/9/07…2803
3/9/09…..1268
3/9/11…..2751 [up 117% off the ’09 low]
Dow Jones
1/14/00…11722 [then all-time high]
10/9/02…..7286
10/9/07…14164 [new all-time high]
3/9/09……6547
3/9/11…..12213 [up 86% off the ’09 low]
But what of the leading international indices? [using S&P high of 3/24/00 as benchmark date]
London FTSE
3/24/00…6738
10/9/02…3742
10/9/07…6615
3/9/09…..3542
3/9/11…..5937 [up 68% off the ‘09 low]
Frankfurt DAX
3/24/00…7932
10/9/02…2597
10/9/07…7980
3/9/09…..3692
3/9/11…..7131 [up 93% off the ’09 low]
Tokyo Nikkei
3/24/00…19958
10/9/02…..8539
10/9/07…17159
3/9/09…....7086
3/9/11…..10589 [up 49% off the '09 low]
By the way, it was way back on 12/29/89…yes, 1989…that the Nikkei hit its all-time high of 38916. By 4/2/90, it was already down to 28002, and the rest is history.
Source: Yahoo Finance
Finally, a look at what crude oil was doing over this time, utilizing my own database.
3/24/00…$28.05
10/4/02-10/11/02…29.62-29.37
10/5/07-10/12/07…81.22-83.69
3/6/09-3/13/09…45.60-46.25
3/5/10-3/12/10…81.50-81.24
3/9/11…………..104.38
Wall Street History will return in two weeks.
Brian Trumbore
