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Clawing
Back
Brian
Trumbore
President/Editor, StocksandNews.com
With the Dow Jones at all-time high
levels, I thought we'd take advantage of my extensive
archives and research material and look at some key
market figures, from the highs of early 2000 to today.
Due
to the limitations of the 'screens' employed in physically
posting this column, I'm unable to jazz this up, graphically,
but you'll get the picture.
For
starters, here are the key market highs set back in
2000.
Dow
Jones?.11722?.1/14/00
Nasdaq??....5048?.3/10/00
S&P 500??.1527?.3/24/00
It
was an incredibly volatile time, as you'll recall,
with a huge divergence in performance between the
Dow and Nasdaq in particular.
For
example, while Nasdaq was hitting 5048, that day the
Dow Jones closed at 9928 after reaching its high of
11722 less than two months earlier. But by the time
the S&P hit its high of 1527, the Dow had rallied
back to 11112.
All
the averages then fell (after a last ditch effort
to rally the summer of 2000) to reach bear market
lows in October 2002. Then, aside from a final hiccup
in the spring of 2003, it was pretty much off to the
races. So let's look at each individual index's behavior,
including the time of 9/11. I'm also including the
bull / bear investment readings for the key dates,
which should be viewed as a contrarian tool.
Dow
Jones
1/14/00?.11722
9/14/01?..9605?9/10 #...market closed rest of week
9/21/01?..8235
9/28/01?..8847
10/4/02?..7528
10/13/06?11960
Nasdaq
3/10/00?.5048
9/14/01?.1695
9/21/01?.1423
9/28/01?.1498
10/4/02?.1139
10/13/06...2357
S&P
500
3/24/00?.1527
9/14/01?.1092
9/21/01?..965
9/28/01?.1040
10/4/02?..800?10/9 hit low of 776?revisited 800 March
'03
10/13/06?1365
Bull
/ Bear
1/14/00?.54.5
/ 26.4
3/10/00?.53.4 / 27.6
3/24/00?.55.7 / 26.4
9/14/01?.39.6 / 36.5
10/4/02?.38.0 / 38.0
10/18/02...28.4 / 43.2?.there is a lag effect with
the readings
10/13/06...52.2 / 30.4
And
in case you were curious about some foreign barometers
and how they performed over the same period.
[Using
3/24/00 as the starting point, the S&P 500 high, with
all the following being weekly closing #s?my best
available data.]
Tokyo
Nikkei
3/24/00?..19958
9/14/01?..10008
10/4/02??9027?hit 7699 on 4/25/03
10/13/06?16536
London
FT-SE
3/24/00?..6738
9/14/01?..4755
10/4/02?..3813?hit 3567 on 1/31/03
10/13/06....6157
Frankfurt
DAX
3/24/00?..7932
9/14/01?..4136
10/4/02?..2714?hit 2362 on 3/14/03
10/13/06....6173
Toronto
Composite?proxy for energy and precious metals
3/24/00?.10052
9/14/01?..6890
10/4/02?..5935?proved to be weekly low for cycle
10/13/06...11908
Lastly,
a glance at oil.
3/24/00?.28.05
9/14/01?.29.76
10/4/02?.29.62
10/13/06...58.57?$78 mid-July
Sources:
Chartcraft / Investors Intelligence StocksandNews.com
archives and files
Note:
I'm off on a trip of the Southwest and Great Plains.
Next edition, in November, a look at prices in America
through my own experience.
Brian
Trumbore
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