Thursday, November 8, 2012
Checking Back in on 2006 vs. 2012
Early this year (back on January 4th) I posted that 2009, 2010 and 2011 had followed the pace of the 2003, 2004, 2005 rally almost perfectly. Since then we've been checking back in periodically to see how well 2012 has paced 2006. The pattern has actually been eerily similar except for the fact that the pace of the rally that came off of the summer lows was slightly faster than in 2006 and reached a higher high. The recent 5% pullback has corrected for that though, and now 2012 looks almost exactly like 2006 again.