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Tech sector closes above pre-Lehman levels

Posted By Prieur du Plessis On September 24, 2009 @ 10:37 am In Equities,Investment,Stocks | No Comments


The chart below, courtesy of Bespoke [1], shows that the S&P 500 Technology sector yesterday became the first of the ten major sectors of the S&P 500 Index to close above its “pre-Lehman” level of September 12, 2008. “… while the bulls will take it as a sign of the markets returning to a state of normalcy, bears will need to see a more convincing break …,” said Bespoke.

24-sep-09-1 [2]

However, while the the other sector and broad market indices have gained considerably from their lows, they still have more work to do to reach the levels of before Lehman’s collapse, ranging from Financial (+36.8%) to Health Care (+11.3%). The major indices need to rise by the following percentages: S&P 500 Index +16.8%, Dow Jones Industrial Index +16.2% and Nasdaq Composite Index +5.4%.

24-sep-09-2 [3]

Source: Bespoke [1], September 23, 2009.

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More on this topic (What's this?) [5]
Why We May See a Rally in U.S. Stocks [6] (Money Morning, 12/19/11)
Stocks Keep Rallying [7] (Random Roger's Big Picture, 2/14/12)
Stick To Your Plan [8] (The DIV-Net, 2/16/12)
Read more on S&P 500 (SPX) [9] at Wikinvest [10]

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URLs in this post:

[1] Bespoke: http://bespokeinvest.typepad.com/bespoke/2009/09/tech-sector-close-above-pre-lehman-levels.html

[2] Image: http://www.investmentpostcards.com/wp-content/uploads/2009/09/24-sep-09-1.jpg

[3] Image: http://www.investmentpostcards.com/wp-content/uploads/2009/09/24-sep-09-2.jpg

[4] Did you enjoy this post? If so, click here to subscribe to updates to Investment Postcards from Cape Town by e-mail.: http://www.feedburner.com/fb/a/emailverifySubmit?feedId=921608&loc=en_US

[5] (What's this?): http://www.wikinvest.com/blogger/wikinvest_wire

[6] Why We May See a Rally in U.S. Stocks: https://moneymorning.com/2011/12/19/why-we-may-see-a-rally-in-u-s-stocks

[7] Stocks Keep Rallying: http://randomroger.blogspot.com/2012/02/stocks-keep-rallying.html

[8] Stick To Your Plan: http://www.thediv-net.com/2012/02/stick-to-your-plan.html

[9] S&P 500 (SPX): http://www.wikinvest.com/index/S%26P_500_(SPX)

[10] Wikinvest: http://www.wikinvest.com

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