August 19, 2011 Further Losses
Unfortunately the Same Old, Same Old continues.
Whereas this, since March 2009, recovery had been advancing more rapidly than
its 2000-2007 predecessor, that advantage ended this week. The diagram shows
the last S&P500 cycle in red and the current sequence in blue.
The history of the daily price ups and downs is parallel,
and the current decline now mirrors the earlier cycle more closely. It took
1,895 trading days before prices returned to their 2000 level.
The current decline-and-recovery is about half way
there.
DJIA -1.57 percent
NASDAQ -1.62 percent
S&P500 -1.50 percent
