Nasdaq Back Above Pre-Lehman Levels

Includes: DIA, IVV, ONEQ, QQQ, SPY
by: Bespoke Investment Group

Last week's rally to new bull market highs once again brought the Nasdaq back above its pre-Lehman levels, and comfortably so at that. As of Friday's close, the index closed 3% above its closing level from 9/12/08 (the Friday before Lehman filed for bankruptcy). While the S&P 500 and DJIA were also strong performers last week, they remain below their highs from January, and well below their 'pre-Lehman' levels. In fact, in order for both indices to make back all they lost since the Lehman bankruptcy, the S&P 500 would have to rally 9.9%, while the DJIA would have to rally 8.1%.

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