July 8, 2005

Will the Real Broad Market Please Stand Up?

CNBC and many others call the Dow, the S&P 500 and the NASDAQ the "broad market". Here's the real broad market.
We thought it would be interesting to see on how many separate days each of these leading indices set all-time new high records in the last few years. Here's what we found:

Index (ETF Equivalent) Performance Since Beginning of 2000 2000 2001 2002 2003 2004 2005

Value Line (RSP) +81.96% 32 12 4 34 44 4

S&P 600 SmallCap (IJR) +77.32% 12 8 20 12 41 12

S&P 400 MidCap (IJH) +60.42% 35 0 2 13 40 16

Russell 2000 (IWM) +33.36% 20 0 0 0 19 1

The Laggards

Dow Industrials (DIA) -8.00% 3 0 0 0 0 0

S&P 500 (SPY) -16.72% 5 0 0 0 0 0

NASDAQ-100 (QQQQ) -59.55% 23 0 0 0 0 0

Index (ETF Equivalent)	Performance Since Beginning of 2000	2000	2001	2002	2003	2004	2005
Value Line (RSP)	+81.96%	32	12	4	34	44	4
S&P 600 SmallCap (IJR)	+77.32%	12	8	20	12	41	12
S&P 400 MidCap (IJH)	+60.42%	35	0	2	13	40	16
Russell 2000 (IWM)	+33.36%	20	0	0	0	19	1
The Laggards
Dow Industrials (DIA)	-8.00%	3	0	0	0	0	0
S&P 500 (SPY)	-16.72%	5	0	0	0	0	0
NASDAQ-100 (QQQQ)	-59.55%	23	0	0	0	0	0