Even though markets were sliding rapidly last year at this time, the stock market indexes have now recovered to the point that year over year gains are quite substantial.
For the Dow Jones industrial average, the one year gain is now 1,773 points, up 21% from a year ago at this time:
The S&P500 Index is up 220 points or 25% since it's pre-Thanksgiving 2008 level:
And the technology laden Nasdaq has had the best year of the three, rising 651 points, up an impressive 43% from a year ago at this time:
And you might remember that back in early March we speculated that these charts would look very similar to the charts for 1975. And indeed they do.
When all you read is gloom, turn here for a much different perspective.