Decade 2000's Market Data-Part II
More Market Data courtesy of Direxion Funds.
TWO BULLS - The S&P 500 experienced 2 bull markets during the current decade. Over the 5 years beginning on 10/09/02, the S&P 500 gained +101% (change in the raw index not counting the impact of reinvested dividends). Since 3/09/09 (i.e., 9 months ago), the S&P 500 has gained +64% as of the close of business last Friday 12/11/09 (source: BTN Research).
TWO BEARS - The S&P 500 suffered through 2 bear markets during the current decade. Over the 2 ½ years that ended on 10/09/02, the S&P 500 lost 49% (change in the raw index not counting the impact of reinvested dividends). Over the 17 months that ended on 3/09/09, the S&P 500 lost 57% (source: BTN Research).
RECORD HIGHS - Numerous record highs were set during the decade, including the price of gold ($1,217.40 an ounce set 12/03/09), oil ($147.27 a barrel on 7/11/08), gasoline ($4.114 a gallon on 7/16/08), the euro ($1.6038 on 7/15/08), the S&P 500 (1565 on 10/09/07) and the NASDAQ Composite Index (5049 on 3/10/00). The NASDAQ Composite is an unmanaged index of securities traded on the NASDAQ system (source: BTN Research).
RECORD LOWS - There were also record lows set during the decade, including the lowest nationwide average interest rate for a 30-year fixed rate mortgage (4.71% set on 12/03/09) and the yield on the 10-year Treasury note (2.06% set on 12/30/08) (source: BTN Research).
Comment: What worked so spectacularly well in the 90's. i.e. technology and growth stocks, seriously underperformed this decade. Energy and natural resources plays were some of the big winners in the 2000's. If one followed this logic then one could expect for technology, healthcare and financials to do well in the next 10 years. {Just a spur of the moment thought, not a prediction or a thesis as I've not done enough work on this to want to test the idea!}
*Long ETFs related to the S&P 500 in client accounts.
posted by CR English at 6:44 AM
<< Home