The US stock market rallied sharply during the month of February with the Nasdaq trading up over 4% month to date. 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 (which began in early 2009) has been significant enough to have the Nasdaq surpass its credit bubble highs of late 2007. In addition, the latest leg of the post-financial crisis rally has the Nasdaq at levels not seen in nearly 14 years. As today’s chart illustrates, the Nasdaq continues to trade within its tightly confined yet steep 15-month uptrend channel.

Notes:
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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
March 01, 2014 – Iditarod begins
March 02, 2014 – Academy Awards
March 04, 2014 – Mardi Gras
March 05, 2014 – Ash Wednesday
March 08, 2014 – Daylight Saving Time begins (US)

Stocks of the Day
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