Monday, November 16, 2009

Important Day - closer to all time high then the bottom

Well, an interesting close today. Just forgot about the markets for a second and let this sink in. We are now closer to the all time high of the DOW - then we are to the bottom that seems oh so recent.

It took 17 months to get from the 2007 October highs to our 2009 march bottoms. And it took 9 months to get back half way. Its kind of amazing just looking at those numbers from a longer term perspective. Its been an astonishing rally thus far and its really something when you think of it in absolute terms - we are now further away from the bottom then we are to the top (yes I am saying it again).

Ok thats it for tonight - just wanted to share this thought =)

No comments:

Post a Comment