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Wall Street History
https://www.gofundme.com/s3h2w8
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08/20/2004
Do I Hear $50?!
The price of crude oil has certainly dominated discussion in 2004
so I thought we’d take a look back since 9/11, comparing oil to
the performance of the S&P 500, in order to gain some historical
perspective. No doubt, oil is but one factor when looking at the
equity markets, though these days obviously one of the more
important ones. Just ask anyone affiliated with the transportation
sector.
Date ..S&P 500 .Oil
8/31/01 .1133 ...27.20
9/28/01 .1040 ...23.43
10/26/01 ...1104 .. 22.05
11/30/01 ...1139 ...19.44
12/28/01 ...1161 ...20.41
1/25/02 .1133 ...19.99
2/22/02 .1089 ...21.07
3/29/02 .1147 ...26.31
4/26/02 .1076 ...27.11
5/31/02 .1067 ...25.31
6/28/02 ..989 26.86
7/26/02 ..852 26.54
8/30/02 ..916 28.98
9/27/02 ..827 30.54
10/25/02 897 27.05
11/29/02 936 26.86
12/27/02 875 32.72
1/31/03 ..855 33.51
2/28/03 ..841 36.60
3/28/03 ..863 30.16
4/25/03 ..898 26.26
5/30/03 ..963 29.56
6/27/03 ..976 29.27
7/25/03 ..998 30.17
8/29/03 1008 31.57
9/26/03 ..996 28.16
10/31/03 ..1050 29.11
11/28/03 ..1058 30.41
12/26/03 ..1095 32.86 .12/31/03: S&P 1111, $32.52
1/30/04 1131 33.05
2/27/04 1144 36.16
3/26/04 1108 35.73
4/30/04 1107 37.38
5/28/04 1120 39.88
6/25/04 1134 37.55
7/30/04 1101 43.80
8/19/04 1091 48.75*
[The more active October contract has been roughly $1.00 lower,
closing Aug. 19 at $47.65.]
Source: My own data, with the price of oil gleaned each week off
of Bloomberg News.
Taking a mini-vacation. Wall Street History will return
September 3.
Brian Trumbore
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