1,999.99
On Friday, the S&P 500 closed at 1,999.99. If you’re really serious, Howard Silverblatt, the top numbers guy at S&P 500, says the close was specifically 1,999.98722585876.
Every 0.01 in the index is worth about $88 million. For some context, the companies in the index earn that, on average, roughly every 40 minutes.
Are “.99” closes common? Apparently they are. I looked at the past 1,000 daily closes for the S&P 500 and the #1 decimal (only going out two places) was .99 with 21 closes. Second place went to .89 with 17 closes.
Here’s all the data:
Decimal |
Count |
0.99 |
21 |
0.89 |
19 |
0.15 |
17 |
0.20 |
17 |
0.03 |
15 |
0.50 |
15 |
0.78 |
15 |
0.33 |
14 |
0.57 |
14 |
0.85 |
14 |
0.18 |
13 |
0.29 |
13 |
0.48 |
13 |
0.51 |
13 |
0.53 |
13 |
0.69 |
13 |
0.77 |
13 |
0.05 |
12 |
0.28 |
12 |
0.32 |
12 |
0.36 |
12 |
0.37 |
12 |
0.63 |
12 |
0.82 |
12 |
0.94 |
12 |
0.96 |
12 |
0.04 |
11 |
0.11 |
11 |
0.13 |
11 |
0.16 |
11 |
0.26 |
11 |
0.34 |
11 |
0.42 |
11 |
0.44 |
11 |
0.58 |
11 |
0.61 |
11 |
0.66 |
11 |
0.83 |
11 |
0.84 |
11 |
0.08 |
10 |
0.10 |
10 |
0.17 |
10 |
0.24 |
10 |
0.40 |
10 |
0.49 |
10 |
0.56 |
10 |
0.59 |
10 |
0.62 |
10 |
0.68 |
10 |
0.81 |
10 |
0.92 |
10 |
0.98 |
10 |
0.02 |
9 |
0.07 |
9 |
0.12 |
9 |
0.19 |
9 |
0.31 |
9 |
0.39 |
9 |
0.43 |
9 |
0.45 |
9 |
0.52 |
9 |
0.67 |
9 |
0.75 |
9 |
0.76 |
9 |
0.86 |
9 |
0.93 |
9 |
0.97 |
9 |
0.09 |
8 |
0.14 |
8 |
0.25 |
8 |
0.46 |
8 |
0.54 |
8 |
0.60 |
8 |
0.65 |
8 |
0.74 |
8 |
0.80 |
8 |
0.90 |
8 |
0.91 |
8 |
0.95 |
8 |
0.21 |
7 |
0.22 |
7 |
0.23 |
7 |
0.35 |
7 |
0.38 |
7 |
0.41 |
7 |
0.47 |
7 |
0.55 |
7 |
0.71 |
7 |
0.72 |
7 |
0.73 |
7 |
0.79 |
7 |
0.87 |
7 |
0.88 |
7 |
0.00 |
6 |
0.06 |
6 |
0.64 |
6 |
0.70 |
6 |
0.01 |
5 |
0.30 |
5 |
0.27 |
4 |
A few years ago, I looked at Benford’s Law and the Dow Jones.
Posted by Eddy Elfenbein on March 7th, 2016 at 8:51 am
The information in this blog post represents my own opinions and does not contain a recommendation for any particular security or investment. I or my affiliates may hold positions or other interests in securities mentioned in the Blog, please see my Disclaimer page for my full disclaimer.
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Eddy Elfenbein is a Washington, DC-based speaker, portfolio manager and editor of the blog Crossing Wall Street. His Buy List has beaten the S&P 500 by 102% over the last 17 years. (more)
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