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Economy

progree

(11,499 posts)

3. I count 5 straight up days. It fell August 9. Separately S&P 500 is about to leave correction

Reply to Emile (Reply #1)

Tue Aug 16, 2022, 05:51 PM

Aug 2022

territory.

DOW: https://finance.yahoo.com/quote/%5EDJI/history?p=%5EDJI
S&P 500: https://finance.yahoo.com/quote/%5EGSPC/history?p=%5EGSPC

The S&P 500 closed today, Tuesday, at 4305, which is 10.2% down from the January 5 all-time high of 4797.

Bear markets start at 20% down or more, so we're no longer in "bear market territory"

Corrections are 10-20% down, so were still in "correction territory", but barely, at 10.2% down.

Technically they don't declare an end of a bear market until it has recovered all of its lost ground (meaning in this case a new all-time high), so we've got a ways to go there.

And then we need several more percent to regain the purchasing power it had, sigh.

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Highlight:

STOCK MARKET WATCH -- Wednesday, 17 August 2022 [View all] Tansy_Gold Aug 2022 OP

The Dow has been up everyday now for what? A week? Emile Aug 2022 #1

I just post Tansy_Gold Aug 2022 #2

I count 5 straight up days. It fell August 9. Separately S&P 500 is about to leave correction progree Aug 2022 #3

Still all in all this is great news. Emile Aug 2022 #4

Yes, I feel a LOT better than I did when the S&P 500 bottomed out on June 17 progree Aug 2022 #5