iBankCoin
Joined Nov 11, 2007
31,930 Blog Posts

Biggest Gains in 15 Years, Now What? (history lesson)

+4.7% on the S&P.

The last time the market went up this much in January was in 1997, when it soared 6.18%. It’s worth noting, the market followed through with strength in February of 1997, gaining 0.96%. But, in March of ’97, the market plunged by 4.38%.

The last time we had similar gains was in 2001, when the market moved ahead by 4.45%. In February of 2001, the market crashed by 9.54% and fell some more in March by 5.6%.

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2 comments

  1. Fifty2weekhi

    Thanks for the lesson!

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  2. leftcoasttrader

    If there is one thing I’ve learned, it’s that these extreme readings are getting more frequent. It seems like every other month something happens that hasn’t happened in 20+ years.

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