Thursday, September 19, 2013

On An Inflation Adjusted Basis, The S&P 500 Index Needs To Increase By 40 Points, 2.32 Percent,To Surpass Its Oct 9, 2007 High

On September 18, 2013, the S&P Index closed at a new all time closing high of 1,725.52, but the S&P Index is still about 40 points below its Oct 9, 2007 high on an inflation adjusted basis. The S&P 500 needs to increase by 2.32 percent to surpass its October 2007 high on an inflation adjusted basis.

On October 9, 2007, the S&P 500 Index closed at 1565.15. In inflation adjusted dollars, the closing high is equal to 1,765.45 in today's dollars. On October 11, 2007, the S&P 500 Index had an intraday high of 1576.09. In today's dollars, the intraday high equivalent is 1,777.79.

No comments:

Post a Comment