It is interesting to see that the S&P, a broadly based index which follows 500 of the larger stocks on the US market, is outperforming the DJI, has spent the last six trading days outperforming the DOW and has now caught up at a point comfortably above its previous all time high. That high occurred in October 2007 just before the crash of 2008.
The chart shows, not that recent catch up, but the fact that the DJI has outperformed the S&P throughout the recovery period which began in March 2009. This underlines the analysis made in the last post which showed that the driving force of the market rise was the differential between dividend returns and interest rates. Stock buyers were seeking good returns and security.
searching through his later papers in an effort to find nuggets of genius among the mad ramblings; and Claire, the elder daughter, who has distanced herself from her family but provides financial underpinning.
Emma Cunniffe and Matthew Marsh as Claire and Robert also produce strong performances and the Chicago accents of the whole cast never falter.