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The S&P 500 closed above its 5-1/2-year closing low from 21 days ago. The bad news is that in the last 21 days, it’s risen only 0.21%. Annualized, that works out to 3.8%.

Since the Tuesday before last, the S&P 500 is down 15.4%. Now if I could only remember what happened on Tuesday, November 4.

One last point: Adjusted for inflation, the Dow is up an annualized rate of 0.68% from its 1929 high.

Posted by edelfenbein at November 17, 2008 10:07 PM