The Stock Market Is At an All-Time High

It took us more than five years, but the broadest measure of the U.S. stock market finally closed at an all-time high today. The Wilshire 5000 finished the day at 15,878.72. The previous high close came on October 9, 2007 at 15,806.69.


Meanwhile, the more popular S&P 500 still needs to gain another 4.13% before it breaks its all-time high from 62 months ago. The reason for the difference between the two indexes is that small-cap stocks have done much better than large-caps.

Since the S&P 500 is limited to the very largest stocks on Wall Street, it tends to lag when mega-caps are out of favor. Other small-cap indexes like the Russell 2000, the S&P 600 Small-Cap and S&P 400 Mid-Cap have already made all-time highs.

Since the previous high, dividends have added 11.4% to the Wilshire’s total return while inflation has totaled 9.9%.

Posted by on January 25th, 2013 at 6:49 pm

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