S&P 500 = 1,900

Yesterday, the stock market closed at a new all-time high of 1,896.65. That’s a stunning climb of 180% in 62 months. The Dow has gained 10,148 points.

Since the low on March 9, 2009, the S&P 500 Total Return Index, which includes dividends, has gained 213%. On average, that’s 1% compounded every 16.5 days.

The market is up again this morning, and the S&P 500 briefly pierced 1,900. The government reported on retail sales this morning. For April, retail sales rose by 0.1%, and are up 3.8% in the last year. The increase for March was revised upward to an increase of 1.5% from the original number of 1.1%.

Posted by Eddy Elfenbein on May 13th, 2014 at 10:18 am

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