Wednesday, October 12, 2011
S&P 500 October Pace
The S&P 500 is up another 1.61% today, which means that for October the index is now up 7.32%. We are in the 8th trading day of a month that contains 21, so if the S&P continues on this pace we will be up about 20% at month end. Needless to say, this seems pretty unlikely. That could be a sign that this rally is getting a bit long in the tooth in the near term.
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