June 6, 2011
The S&P 500 opened the week with a dramatic loss of 1.08%, which takes the correction to 5.68% below the interim high of April 29. The index is 92.2% above the March 2009 closing low but 16.9% below the nominal all-time high of October 2007. Below 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. More…
View the original article on dhsort.com
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