The Road to S&P 1600
- Joshua M Brown
- May 3rd, 2013
It’s been a long, hard road for the S&P to get from 1500 to 1600.
I’ve been this whole time struggling and fighting through right alongside the index.
Some color from S&P’s Howard Silverblatt via MoneyBeat:
The S&P 500 first jumped above 1500 in March 2000 at the height of the tech bubble, says Howard Silverblatt, senior index analyst at S&P Dow Jones Indices. It’s taken 13 years, one month and 11 days for the index to jump a mere 100 points, according to Silverblatt’s calculations.
The 13-year difference between moving from 1500 to 1600 is the fourth biggest time span separating 100-point milestones for the S&P 500.
When I look back and I only see one set of footprints on the chart, I ask the S&P “How come your footprints aren’t there? I thought you would be walking beside me when things got rough?”
To which the market replied “Where you see only one set of footprints, that’s where I was carrying you.”
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The Reformed Broker is a blog about financial markets and the economy. Joshua Brown is a New York City-based investment advisor for high net worth individuals, charitable foundations, retirement plans and corporations... More.