May 9, 2011
The S&P 500 closed the day up 0.45% on (if my Stockcharts.com data is correct) the lowest volume of the year. The index is 99.0% above the March 9 2009 closing low but 14.0% below the nominal all-time high of October 2007. Here are two charts of the index — with and without the 50 and 200-day moving averages.
For a better sense of how these declines figure into a larger historical context, here’s a long-term view of secular bull and bear markets in the S&P Composite since 1871.
For a bit of international flavor, here’s a chart series that includes an overlay of the S&P 500, the Dow Crash of 1929 and Great Depression, and the so-called L-shaped “recovery” of the Nikkei 225. I update these weekly.
These charts are not intended as a forecast but rather as a way to study the current market in relation to historic market cycles.