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denem

(11,045 posts) Mon Mar 19, 2012, 02:13 PM Mar 2012

S&P 500 climbs to less than 10 percent below all-time high

Dear Mitt, how's this for a turn around, you know, the S&P 500:

March 06, 2009 - 683.38
March 19, 2012 - 1412.96

Lucky people don't care about their 401(k)s isn't it?

S&P 500 climbs to less than 10 percent below all-time high

NEW YORK (Reuters) - The S&P 500 rose on Monday to trade less than 10 percent below its historic closing high set in October 2007, as news that Apple will start paying a dividend again added to optimism spurred by weeks of strong economic data in the United States to continue to lure investors into U.S. stocks...

The S&P 500's session high of 1,410.44 was less than 10 percent below the benchmark's historic closing high of 1,565.15 set on October 9, 2007.

http://www.cnbc.com/id/46784679

3 replies

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S&P 500 climbs to less than 10 percent below all-time high (Original Post) denem Mar 2012 OP

this is with the Banks struggling. Bank of America is $10 (and SAFE - sorry Matt Taibbi) banned from Kos Mar 2012 #1

'They say' Apple is the main driver of this market. denem Mar 2012 #2

Apple accounts for zero in the growth of the Dow. banned from Kos Mar 2012 #3

banned from Kos

(4,017 posts)

1. this is with the Banks struggling. Bank of America is $10 (and SAFE - sorry Matt Taibbi)

Reply to denem (Original post)

Mon Mar 19, 2012, 02:16 PM

Mar 2012

and others less than 30% of 2007 highs.

finance bubbled in 2007 and buoyed the S&P indexes.

denem

(11,045 posts)

2. 'They say' Apple is the main driver of this market.

Reply to banned from Kos (Reply #1)

Mon Mar 19, 2012, 02:24 PM

Mar 2012

I think it accounts for almost half the growth in total market cap over a year - up 80% on a P/E of 17.

banned from Kos

(4,017 posts)

3. Apple accounts for zero in the growth of the Dow.

Reply to denem (Reply #2)

Mon Mar 19, 2012, 03:59 PM

Mar 2012

and not much in the S&P 500.

In the NAZ? Probably a lot. The NAZ is weighted by market cap.

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