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August 28, 2010
Graph of the Day for August 28, 2010
"It [the stock market] bobs up and down from day to day. And if you spend all your time worrying about that, you're probably going to get the long-term strategy wrong." President Obama, March 2009.
"September is the month when kids go back to school, leaves turn yellow and gold, and stock prices drop like ripe apples." USA Today, September 2009
"The Hindenburg Omen reared its ugly head late last week, signaling more doom and gloom as stocks plod along amid the dog days of summer. The Omen, a technical indicator which uses a plethora of data to foreshadow a stock-market crash, was tripped again on Friday, marking the second time since Aug. 12 it has occurred." Steven Russolillo, The Wall Street Journal, August 23, 2010.
Source: Chart of the Day.
Hoven's Index for August 28, 2010
S&P 500 levels at selected points in Barack Obama's career:
Wins Iowa caucuses, Jan. 3, 2008: 1447
Clinches nomination, June 3, 2008: 1378
Wins general election, Nov. 4, 2008: 1006
Inaugurated, Jan. 20, 2009: 805
Stimulus passes, Feb. 17, 2009: 789
ObamaCare passes, Mar. 23, 2010: 1174
Recent, Aug. 26, 2010: 1047
Source: Yahoo Finance.