A look at long-term charts of the S&P 500 Financial sector is downright depressing. The first chart below dates back to 1990, and as shown, the sector closed at its lowest level since March 1995 yesterday. The sector is now down 79% from its highs in 2007. A chart of the sector all the way back to 1940 shows just how much the sector has fallen in such a short period of time.
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The long term chart with a logarithmic scale would be great...
Posted by: brad | January 21, 2009 at 04:04 PM
Logarithmic scale might be more informative?
Anyway, thanks for your always nice snapshots!
Posted by: Harry | January 21, 2009 at 04:09 PM
Another + for log.
Posted by: Sia | January 21, 2009 at 06:17 PM
Graph of Financials, 1940-P. Why bother if you don't use a semi-log plot???
Posted by: Norman | January 21, 2009 at 06:55 PM
Hi, congratulations for your great job.
I could'nt agree more with my predecessors, please use log scales for very LT charts unless it is meaningless...
Posted by: Antoine | January 22, 2009 at 05:00 AM
Sure a Log chart "fits" better on the page, but I think it is important to see the real change this represents.
Log chart makes it look too small of a change.....it NEEDS to look big because it IS big.
Posted by: Ric | January 22, 2009 at 12:05 PM
Looks like regression to mean to 1970's for sure.
Posted by: Robert | January 22, 2009 at 12:08 PM