DowJonas

från chart of the day

The Dow made another record high yesterday as it crossed the 13,000 level for the first time. To provide some perspective to the current Dow rally that began in 2002, all major market rallies of the last 106 years are plotted on today's chart. Each dot represents a major stock market rally as measured by the Dow. So what does this chart show? As it stands right now, the current Dow rally would be classified as long in duration (now the fourth longest since 1900) but below average in magnitude.

Notes:
- The Dow Jones Industrial Average was not adjusted for inflation or dividends.
- There are 252 trading days in a year (100 trading days equal about 4.8 calendar months).
- A major stock market rally has been defined as a 30% or greater increase in the Dow (following a correction of 15% or more).