A quick note in addition to whatever Bonddad posts about today's markets.
Today, for the first time since the beginning of the recession, the Standard and Poor's 500 Index, as well as the Dow Jones Industrial Average, closed UP on a year over year basis.
One year ago today, the S&P 500 closed at 996.23. Today it closed at 1057.58. One year ago today, the Dow Jones Industrials closed at 9447.11. Today the DJIA closed at 9725.58.
Incidentally, this is something that never happened during the 1929-32 "great contraction."
