Chart of the Day – The Post-Financial Crisis Retracement Level

Posted by Chart of the Day

Share on Facebook

Tweet on Twitter

20140611

For some perspective on the post-financial crisis rally, today’s chart illustrates how much of the downturn that occurred as a result of the financial crisis has been retraced by several major international stock market indices. For example, the S&P 500 peaked at 1,565.15 back in October 9, 2007 and troughed at 676.53 back on March 9, 2009. The most recent close for the S&P 500 is 1,950.79 — it has retraced 143.4% of its financial crisis bear market decline.

As today’s chart illustrates, China (Shanghai Composite), Japan (Nikkei 225), India (S&P BSE Sensex), Germany (DAX), France (CAC 40) and the UK (FTSE 100) are all above their financial crisis lows (i.e. above 0% on today’s chart) and three of the aforementioned countries (Germany, India and the UK) are currently trading above their respective pre-financial crisis peak (i.e. are above 100% on today’s chart).

It is interesting to note that the US (epicenter of the financial crisis) has outperformed the other major stock market indices (* keep in mind that the German DAX is unique in that it includes for the reinvestment of dividends) while China has lagged to the point where it only trades 7.9% above its financial crisis lows — not that impressive of a performance considering that the financial crisis occurred well over five years ago.

20140611

Notes:
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
“America has believed that in differentiation, not in uniformity, lies the path of progress. It acted on this belief; it has advanced human happiness, and it has prospered.” – Louis D. Brandeis

Events of the Day
June 14, 2014 – Flag Day
June 15, 2014 – Father’s Day
June 19, 2014 – US Women’s Open golf tournament begins (ends June 22nd)
June 21, 2014 – First Day of Summer (North America)
June 23, 2014 – Wimbledon tennis tournament begins (ends July 6th)

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.

Mailing List Info
Chart of the Day is FREE to anyone who subscribes

test-php-789