The S&P 500’s New High

I neglected to mention this yesterday but the S&P 500 broke out to a new all-time high. At its peak, the index reached 1,858.71.

Alas, it was not to stay. There was a late-day sell-off yesterday and the selling continued into this morning. We’ve recovered a bit and still have a good shot of closing above 1,848.38, which is the all-time closing high from January 15.

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We’re coming up on the fifth anniversary of this bull market. The intra-day low of 666.79 came on March 6, 2009 (a Friday). The lowest close came the following Monday, March 9, when the S&P 500 ended the day at 676.53.

Posted by on February 25th, 2014 at 11:01 am


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