The Nasdaq Composite has moved up 72% in around 200 days from the March low. The first half of the the move was 49% in 95 days while the second half lasted 103 days. The high of this move may or may not be have been made yet so this chart is subject to change.
As a comparison, the Dow Jones Industrial Average in 1938 moved up 51% in 113 days and then added an additional 12% in the following 110 days. The total move was 223 days which translates into October 19th on the Nasdaq from March 9th.
The following chart is one I have posted several times but each time I add some additional annotations. Following the 1938 move of 63% on the Dow, the market consolidated and then tanked into 1942. Note that the yellow area is the situation the Fed and Treasury are trying to prevent. No action from the government could have stopped the 2007-2009 market and economic conditions as they were set up over the prior 10-20 years. But the yellow area in the 1940s turned a big recession into the Great Depression. Chairman Bernanke’s goal is to make sure this recession does not morph into a depression.
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Tags: DJIA-Dow Crash 1929-1942 · Nasdaq Charts (IXIC)6 Comments
Andy, Have you ever tracked data on your site, like amount visited per day and then take a moving average or make an oscillator? .. See how it tracks with markets, I bet you will find some correlation. Maybe you can post about it
Ray – I use Google Analytics and another tool to look at the raw logs. I’ve seen growth stop in the past several months but no decline. I did not see a pick up from March to now with the market moving higher. Maybe people are getting bored with what I post. The only thing I notice is that Saturdays have been dead for a long time. Maybe that is a function of the summer. Subscriptions for premium content are way down but I attribute that to a lack of money people have to spend. Even with the move up from March I think people are just happy to make back money they lost. I know I have not been subscribing to newsletters the way I once did. I think it is a state of mind with money. But hits at the site have been the same for several months.
Hey Ray and Andy, even I have some guy by the name of R making responses at my little blog. LOL! I have to say that was my goal to have at least “1″ response…Thanks to Andy I got my goal…. R found me…LOL! Hey I got a little $$ cha ching bACK TODAY yea me yea me….LOL!
Libby – I read your blog. I get in Google Reader so when you post it shows up. One thing to keep in mind is that if you post something and then remove that post, it will remain in the feed forever. I have not figured out how to remove posts once the feed robot grabs them.
yea andy, I realize what I put on stays on, and I actually had no idea how to delete things so that I could make room for the new stuff and deleted the new things first by accident. I always forget its alot like that facebook stuff , I’ll be more careful about what I say in the future, really sorry about that…my apology to you and Ray..
Libby – I did not see anything about me that I did not like. I thought maybe you took it down because you discussed your job and had second thoughts. I just wanted you to know that the content was still in the feed world. Keep up the good work.