Over the last 98 years the S&P 500 has closed the year Up by more than 40% - 5 times Up by between 30%-40% - 13 times Up by between 20%-30% - 18 times Up by between 10%-20% - 22 times Up by between 0%-10% - 14 times Down by between 10%-0% - 14 times Down by between 20%-10% - 6 times Down by between 30%-20% - 3 times Down by between 40%-30% - 2 times Down by more than 40% - 1 time