May

21

The attached chart is plot of weekly closes of the Nasdaq vs corresponding (by date) log SP500; the time period is 1971 to Present.

Mostly a linear relationship (not mathematically one-to-one as there can be various log nas for a given log sp500), but note the upwardly-divergent squiggle at top right. This is the tech bubble; the overall market was doing "well" but Nasdaq was doing "great". Multiple paths in this area are various relationships with log Nasdaq during the frequent sojourns of log SP500 between 2.8-3.2, ca 1996-present.

The current point has approximate coordinates (3.0,3.3), in the upper right quadrant. Imagine an arrow "you are here".


Comments

WordPress database error: [Table './dailyspeculations_com_@002d_dailywordpress/wp_comments' is marked as crashed and last (automatic?) repair failed]
SELECT * FROM wp_comments WHERE comment_post_ID = '4781' AND comment_approved = '1' ORDER BY comment_date

Name

Email

Website

Speak your mind

Archives

Resources & Links

Search