The Stock Market Bottomed Out 15 Years Ago Today

The S&P 500 reached its intraday low exactly 15 years ago today. At 10:10 am on 10/10/2002, the S&P 500 got down to 768.63.

Later that day, the market would rally to close over 800 so the lowest close came the previous day on October 9 when the S&P 500 closed at 776.76. Weirdly, that number is very close to the Dow’s lowest number during the bear market that ended 20 years before (776.92).

The bull market would last exactly five years. Or almost exactly. The highest close would come on October 9, 2007 at 1,565.15. The intra-day high (1576.09) came on October 11. Those days perfectly bookend the fifth birthday of the rally.

Basically, the stock market doubled in five years.

Posted by on October 10th, 2017 at 9:13 am

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