For some perspective on the current state of the stock market, today’s chart presents the long-term trend of the Russell 2000 (small-cap stocks). As the chart illustrates, the Russell 2000 rallied from late 2002 into the mid-2007 and then effectively gave all of that back during the financial crisis. The seesaw continued during the immediate aftermath of the financial crisis with the Russell 2000 recovering all losses incurred during the financial crisis in a little over two years. Since mid-2011, the Russell 2000 has traded in a rather choppy fashion which has helped define its current wedge-shaped trading range (see the red and green trendlines). More recently, the Russell 2000 has started the new year in a positive fashion by both breaking above resistance (red line) and making a new record high.
Where’s the Dow headed? The answer may surprise you. Find out right now with the exclusive & Barron’s recommended charts of Chart of the Day Plus.
Quote of the Day
“I can’t change the direction of the wind, but I can adjust my sails to always reach my destination.” – Jimmy Dean
Events of the Day
January 13, 2013 – Golden Globe Awards
January 14, 2013 – Australian Open Tennis Tournament begins (ends Jan. 27th)
January 21, 2013 – Martin Luther King Jr. Day (observed)
Stocks of the Day
— Find out which stocks investors are focused on with the most active stocks today.
— Which stocks are making big money? Find out with the biggest stock gainers today.
— What are the largest companies? Find out with the largest companies by market cap.
— Which stocks are the biggest dividend payers? Find out with the highest dividend paying stocks.
— You can also quickly review the performance, dividend yield and market capitalization for each of the Dow Jones Industrial Average Companies as well as for each of the S&P 500 Companies.