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.

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