With the markets having hit new lows, I thought I’d update a piece I did last fall. It also supplies an illustration of Japan’s “lost decade”, 1990-2000. The data is taken from my extensive files, Friday closing numbers that often represented exact highs or lows in a cycle, unless otherwise noted.
Dow Jones
7/13/90…..2980…run-up to Saddam invading Kuwait, 8/2/90
10/12/90…2398
1/14/00…11722* [all-time high then]
10/11/02…7850
10/12/07…14093 [10/9/07…*14164 all-time high]
11/21/08…..8046
3/6/09……..6626 [3/9/09…6547 closing low thus far…minus 53.7% from high]
3/6/09……..6626 [3/9/09…6547 closing low thus far…minus 53.7% from high]
Nikkei
7/13/90…..32644
10/12/90…22390
1/14/00….18956
10/11/02….8529
10/12/07…17331
11/21/08…..7910
3/6/09……..7173
London FTSE
7/13/90…..2382
10/12/90…2100
1/14/00…..6658
10/11/02…3938
10/12/07…6730
11/21/08…3780
3/6/09……3530
S&P 500
10/9/07…1565 [all-time high]
11/21/08…800
3/9/09…….676 [low thus far…minus 56.8% from high]
Oil…the roundtrip
12/31/04…43.45
12/30/05…61.04
12/29/06…61.04 [yes, exactly the same]
12/28/07…96.11
7/4/08…..145.30
3/11/08…..42.80
Wall Street History returns next week.
Brian Trumbore
