Saturday, June 2, 2012
Worst 2Q For S&P 500
Considering that the first quarter was the 8th best start to a year for the S&P 500 since 1957, it's pretty unbelievable that the 2nd quarter is on pace to end up on the opposite end of the spectrum. 2/3 of the way through the quarter, 2Q12 is on pace to be the 5th worst since 1957. As a refresher, out of 8 double digit first quarters since 1957, the index has never closed the year in negative territory, and it has only lost value between the end of the first quarter and the end of the year once: 1987.
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