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-$0.22 (-0.50%)
11:31PM (15 mins delay)
Nov 06, 2009 - 1:14 PM EST
Sold At The Top submits:
The following charts provide a simple comparison between the big stock bounce that occurred in the wake of the DOW crash of 1929 and the bounce we are seeing now in the S&P 500 index.
The method of alignment was simple: Take the first definitive up trading day off the bottom of the preceding bear market low and set that as the start of the series. Then simply re-base both series to a value of 100 so that they can be compared side-by-side.
Source: Seeking Alpha (Nov 06, 2009 - 1:14 PM EST)
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