Year Over Year Stock Market Gains Shine Bright

Even though markets were sliding rapidly last year at this time, the stock market indexes have now recovered to the point that year over year gains are quite substantial.

For the Dow Jones industrial average, the one year gain is now 1,773 points, up 21% from a year ago at this time:



The S&P500 Index is up 220 points or 25% since it's pre-Thanksgiving 2008 level:



And the technology laden Nasdaq has had the best year of the three, rising 651 points, up an impressive 43% from a year ago at this time:


And you might remember that back in early March we speculated that these charts would look very similar to the charts for 1975. And indeed they do.

Comments

[KFC007:]

WHAT DOES THIS MARKET GAIN SHOW? IT IS SIMPLE COMMONSENSE EVEN TO FOLKS WITH AVERAGE KNOWLEDGE OF HOW MARKETS BEHAVE. IF ECONOMISTS CAN'T FIGURE OUT IT IS A SHAME.

Nov 15 11:18 AM

[Northern Da...:]

"The Good News Economist"... looking at the world through rose colored glasses, with your eyes crossed... and closed.

Yeah, one year ago the Dow was indeed at 8600. The dollar index was at 88 too. Where's the dollar index today? 75 that's where! In all due respect you seem to have forgotten that rather important little factor, that the dollar has literally crashed 15% in exactly the same one year period you're touting as bearing "good news". So of the 21% "thumbs up" gain you see in the Dow, I see 15% of that gain being completely wiped out by inflation. The Dow is up 6%, not 21%.

I know you're thing is to focus on "good news" because you perceive that the MSM is focused on "bad news". Not any MSM that has The Bozo Cramer Gong Show as it's centerpiece. All they spout is exactly what you're reporting here. It's bad news in the disguise of good news... it's spin.

Nov 16 11:11 AM