We recently had two big anniversaries, the 1st anniversary of the rally off the March 9, 2009 low, and the 10th anniversary of Nasdaq 5000…5048…on March 10, 2000.
So I thought we’d take a look at where the major averages were on key dates, starting with the 2000 market highs for the Big Three…the S&P 500, Nasdaq and the Dow Jones. 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, as did 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
3/9/10…..1140 [up 68.6% off the lows]
3/10/00…5048 [all-time high]
10/9/02…1114
10/9/07…2803
3/9/09…..1268
3/9/10…..2340 [up 84.5% off the lows]
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
3/9/10…..10564 [up 61.3% off the lows]
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
3/9/10…..5602 [up 58.1% off the lows]
Tokyo Nikkei
3/24/00…19958
10/9/02…..8539
10/9/07…17159
3/9/09…….7086
3/9/10…..10567 [up 49.1% off the lows]
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.
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
