Thursday, October 27, 2011

Just 1.5% to the New Bull Market

On October 4th we officially inaugurated a bear market by falling 20% from the May 1 peak on the S&P 500.  In the next 23 days we have rallied 18.5% meaning that we are only 1.5% away from rising 20% from the low.  This would traditionally signal a new bull.  

That was quick.

Click to Enlarge

No comments:

Post a Comment

For compliance reasons, I don't post comments to the site, but I do like hearing from readers and am happy to answer any questions. Feel free to use the comment box to get in touch. Please leave an email address in your comment so that I can write back, or email me directly at Skrisiloff@avondaleam.com.