As of yesterday’s close, the year-to-date gains for many of the major indices – excepting the first week run up – have been eliminated.
As of last night’s close, the NDX, the S&P500, and the Nasdaq comp are below the opening weeks’ highs.
click for larger graphs:
Essentially, the entire year’s performance gains have come from that single week’s run up.
UPDATE: April 18, 2006 12:39pm
Note: I whipped these up before the open —
Better make that one week and a day!
Ritholtz Research & Analytics