Nasdaq Now Up Nearly 75% From 2009 Low

By Eldon Mast, on December 21st, 2009

Earlier, we looked at what the current “dead cat bounce” meant for the Dow Jones Industrial stock index, but with a strong late Friday rally, Nasdaq Index returns have been even more impressive.

Up nearly 75% since the March 10th trough, the tech laden index spiked up another 1.5% on Friday, to close up almost 950 points since its late winter low…
(click to enlarge chart)
Source: Google Finance
Earlier in the week the Philly Fed factory survey registered activity at a 4-1/2 year high. Activity accelerated rapidly in the U.S. Mid-Atlantic region in December the survey showed. “This will mitigate concerns that the factory sector might be slowing,” said Tony Crescenzi at PIMCO.
With the mounting reports of a jobs rebound, the stock market equity gains, and these business climate improvements, US retail consumers will likely be in a merry mood for the final week of Christmas shopping.
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Eight Straight: 52% Ain’t Bad

By Eldon Mast, on August 31st, 2009


Another Good News Thursday saw major US stock indexes closing at fresh 2009 highs. The Dow Jones Average was up for the eighth straight day — the best winning run since April 2007.

As we predicted here, the bull market move has been swift and steep leaving many investors in the dust. Stocks have essentially risen for the last five months, with the S&P 500 index now up better than 52% from the 12-year low on March 9.

It continues to amaze me how the stock market charts for 1974-75 look so similar to the 2009 stock graphs.



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