The Merry-Go-Round Stock Market
The Stock Market can be frustrating when it’s in its merry-go-round phase. It goes up and down, around and around, never go anywhere. In early September of 2014, the Standard and Poor’s 500 Index was at 2000. As of December 13, 2015, it was the same. During the past fifteen months, it has been as high as 2135 (up 6.7%) and as low as 1867 (down 6.7%). Source: Yahoo Finance.
This follows six years of relatively steady growth, up 220% from its low of 667 in February of 2009. But, if you haven’t forgotten, this followed the disastrous drop of 57.6% starting in October of 2007.
The economy never really recovered from 2007, though the Stock Market is up 27% since its peak that year. There are lots of possible causes that may or may not be to blame, but it is what it is.
With a Presidential Election coming featuring some very peculiar candidates, who knows what the giraffes and zebras on the carousel will do next.