Monday
Feb082010
Up In Smoke: One Third of the Gains Since the Start of 2009
Monday, February 8, 2010 at 10:33AM It may be hard to belive, but 35% of the S&P 500's gains since the start of 2009 have now been erased over a span of less than 14 trading days. After gaining 247 points in 2009 and the first two and a half weeks of 2010, the S&P 500 has dropped 86 points since its January 19th peak of 1,150.
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Reader Comments (1)
Are you kidding me? After the S&P 500 (including dividends, which are often conveniently excluded) was up almost 70% from March 10th of this year (the best 9 month run since the 30s), it has given up its early year gains and is -4% or so for the year. US large and small value stocks (DFA funds as proxies) were up over 100% since March 10th, and they too are only off 4% to 5%.
Much Ado About Nothing, and very interesting how easy it is to twist statistics. If today holds, by the way, about 25% of the year to date loss will evaporate, FYI.