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One Year Later the Easy Part is Over, Now the Fun Begins

Posted by: Howard Silverblatt on March 05, 2010

On 3/23/2009, I sent out a memo about the S&P 500 being back over 800. In retrospect, it was up 22.6% over the 10 trading days since the 3/9/09 low; the next 239 trading days produced a 36.5% gain. So, with the one-year anniversary of the Bull market coming up Tuesday (technically the opening of Wednesday, March 10), below is a status report.
I’ve added a few text lines to highlight, but mostly its data (file attached) for your use.

While 97.6% of the S&P 500 are up over the year, only 24.1% are up from the October 2007 high. Turning things around and getting them to work again was key. However, the driving forces over the last year - fewer layoffs, a reversal of the credit crunch, and fewer massive write-offs, have been replaced by the need for stable jobs and growth, which may prove a bit slower to develop. Hopefully things will get better, but don’t count on them getting easier.

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Businessweek’s Emily Thornton, Amy Feldman, Ben Levisohn, and Ben Steverman focus on matters great and small for investors, from the views of a hot fund manager to an explanation of the latest products devised by Wall Street’s rocket scientists. Exploring trends in any area, from bonds and stocks to closed-end funds and futures, always with an eye towards giving investors a better understanding of the sometimes confusing and often chaotic world of finance. Standard & Poor’s senior index analyst Howard Silverblatt will also provide his take on companies’ finances and the markets. Voted one of the “Top 100 Finance Blogs” in 2007.

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