Dow’s Rally of 2009-2011 is Most Aggressive since 1930s

An interesting item in an AP story, confirming what those of us who have been around the market for a number of years felt – this market is unlike any we have experienced.  While it uses the Dow Jones Industrial Average (which has actually lagged some of the other key indicators) due to how old the records are, the data makes a case for why anyone who expected a more typical move off the March 2009 bottom, to be left in the dust.

The 84% gain from the March 2009 low in the DJIA took only 480 days to complete.

There has been nothing like that in the ’00s, the ’90s, ’80s, ’70s, ’60s, ’50s, or ’40s.  Indeed one needs to go back to 1933 for anything of this ilk.

The only other more violent moves up in DJIA history are as follows (2 of them in the wild and wacky crashes and recoveries of the early 1930s):

— Feb. 17, 1933, through July 18, 1933: Up 117 percent in 109 trading days.
— July 8, 1932, through Sept. 7, 1932: Up 94 percent in 51 trading days.
— Nov. 9, 1903, through March 9, 1905: Up 84 percent in 397 trading days.
— March 25, 1898, through Sept. 5, 1899: Up 85 percent in 431 trading days.

About Mark Hanna 542 Articles

Affiliation: Hanna Capital, LLC

Mark Hanna is President and Owner of Hanna Capital, LLC, a registered investment advisory firm. Mark has been a follower of markets since the late 80s, with a focus on individual equities since the mid 90s. He has been a well known commentator in the financial blogosphere for the past 5 years, following a career in corpoporate finance and accounting. Mark attended the University of Michigan where he graduated with a degree in Economics.

As an avid reader, Market Montage is the personal blogging site for Mark to share his views on economics, markets, and the like. Occasional cynicism and wit shall be deployed in his postings.

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