More data for you market junkies out there. Clip and save!
Returns for the decade of the…
60s – Dow Jones…+17.8% (not including dividends)
70s – Dow Jones…+4.8% (yup, that’s it)
80s – Dow Jones…+228%, Nasdaq…+200%
90s – Dow Jones…+318%, Nasdaq…+796%
00s – Dow Jones…-27%, Nasdaq…..-67%*
*12/99-12/02
10/11/90…start of the 90s bull move:
Dow Jones…2365…trailing p/e 11.6; dividend yield, 4.2%
S&P 500……295…trailing p/e, 14.1
Nasdaq……..325
Bulls: 32.2% / Bears: 53.7% [Source: Investors Intelligence].
This is normally an excellent contrarian indicator, as it proved to
be back then. You can check the weekly figures in my “Week in
Review” column.
*Of course the 10/11/90 lows were established during the height
of the buildup in the Gulf prior to the war.
12/31/99
Dow Jones…11497
S&P 500…1469
Russell 2000…504
Nasdaq…4069
12/31/02
Dow Jones…8341
S&P 500…879
Russell 2000…383
Nasdaq…1335
Five-year annual average return as of 12/31/02
S&P 500 (including dividends)…-0.6%
Average Short U.S. Government Fund…+5.6%
Recent Market Lows
9/21/01…bottom after 9/11
Dow Jones…8235
S&P 500……965
Nasdaq…….1423
10/9/02
Dow Jones…7286
S&P 500……776
Nasdaq…….1114
U.S. Treasury Yields
12/31/99
2-year…6.24%
10-year..6.43%
12/31/00
2-year…5.09%
10-year..5.11%
12/31/01
2-year…3.05%
10-year..5.03%
12/31/02
2-year…1.58%
10-year..3.82%
Gold
12/96…$368
12/97…$289
12/98…$288
12/99…$289
12/00…$272
12/01…$279
12/02…$347
Oil [Light Sweet]
12/99…$25.20
12/00…$26.80
12/01…$19.84
12/02…$31.20
Market Highs
AOL…1/3/00…$83
AT&T…3/29/00…$61
Apple…3/23/00…$75
Amazon.com…12/9/99…$113
Cisco…3/27/00…$82
Corning…8/30/00…$113
Dell…3/22/00…$60
EMC…9/25/00…$105
eBay…3/27/00…$127
Intel…8/28/00…$76
JDS Uniphase…3/7/00…$153
Lucent…12/29/99…$74
Microsoft…12/30/99…$120
Nortel…7/25/00…$89
Oracle…9/1/00…$46
Sun Micro…9/1/00…$65
Yahoo…1/4/00…$250
—
Wall Street History will return next week.
Brian Trumbore
