Monday, November 19, 2012

an tSionna {11.19.12}


From Chart of the Day:

Ongoing concern over the so-called 'fiscal cliff' has encouraged a pullback in stock prices. For some perspective, today's chart illustrates the overall trend of the stock market (as measured by the Nasdaq Composite) since 2000. As today's chart illustrates, the post-financial crisis rally of the Nasdaq (which began in early 2009) was significant enough to make new post dot-com bust highs. However, the sharp selloff of the past two months has resulted in the Nasdaq breaking below its 3.5-year, upward sloping support trendline.