ST Alpha - "Although it's bounced back today, the S&P 500 hit a level it last hit in 2002" (Reading a Post)

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Although it's bounced back today, the S&P 500 hit a level it last hit in 2002

Posted by Brian (aka trav007) Nov 20 '08, 09:48

776.76, it's 2002 low. If it gets back there, the entire 2003-2007 bull market, judging by the S&P 500, will have been totally wiped out in about 1 year's time.

Responses:

yesterday the s + p hadn't been as far below its 200 day moving avg on a 5 basis since the depression.... - x Nov 20, 09:55 1
- uh, that's a % basis...nm - x Nov 20, 09:55

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Although it's bounced back today, the S&P 500 hit a level it last hit in 2002

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