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Dow rally in perspective – chart

The Dow just made another post-financial crisis rally high. To provide some further perspective to the current Dow rally, all major market rallies of the last 112 years are plotted on this chart. 

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Chart of the Day
Wednesday, May 22, 2013
Wednesday, May 22, 2013

The Dow just made another post-financial crisis rally high. To provide some further perspective to the current Dow rally, all major market rallies of the last 112 years are plotted on today’s chart. Each dot represents a major stock market rally as measured by the Dow with the majority of rallies referred to by a label which states the year in which the rally began. For today’s chart, a rally is being defined as an advance that follows a 30% decline (i.e. a major bear market). As today’s chart illustrates, the Dow has begun a major rally 13 times over the past 112 years which equates to an average of one rally every 8.6 years. It is also interesting to note that the duration and magnitude of each rally correlated fairly well with the linear regression line (gray upward sloping line). As it stands right now, the current Dow rally that began in March 2009 (blue dot labeled you are here) would be classified as well below average in both duration and magnitude. However, when compared to the most recent post-major bear market rally (i.e. the rally that began in 2002), the current rally is shorter in duration yet significantly greater in magnitude.

Source: Chart of the Day.

The LPGA Tour makes its first-ever appearance in the tropical islands of The Bahamas this week with the inaugural Pure Silk-Bahamas LPGA Classic.

AP reports on the storm that pounded Paradise Island throughout Tuesday night, dumping about a foot of rain in an eight-hour span, flooding the entire 18th fairway and reducing the tournament to 54 holes.

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