|Red=Nasdaq, Blue-Dow, Yellow=S&P 500|
The S&P 500 is tantalizingly close to 1,300, but even at its close of 1,297, it has reached a level not seen since August 2008.
And the Nasdaq Composite, bless its techy heart, closed at 2,740, reaching a point it hasn’t seen since December 2007.
Alas, they are all still off their record highs:
Dow: 14,163 Oct. 9, 2007
S&P 500: 1,565 Oct. 9, 2007
Nasdaq: 5,048 Mar. 10, 2000
OK, this last one may not be fair, since that was the height of the tech bubble.
The recession started in December 2007. Compared with Dec. 3, 2007, The Dow is down 10 percent and the S&P 500 is down 12 percent, but the Nasdaq is up almost 4 percent.
From Dec. 3, 2007 to March 9, 2009 (when the indexes hit their lowest point of the recession), the Dow lost 50.8 percent, the S&P 500 51.1 percent and the Nasdaq 51.8 percent.
From March 9, 2009, to today, the Dow is up 83 percent, the S&P 500 80 percent, and the Nasdaq is up 116 percent. That deserves a headline, I think.