Tuesday, November 25, 2014

shades of 1928?

The uptrend out of the October 15 low just can’t be stopped. On Monday, amid light volumes ahead of the Thanksgiving holiday, the S&P 500 notched another record high by climbing 0.3% to close above its five-day moving average for the 27th consecutive session.

That’s the longest such winning streak since March 1928, which marked the start of the great 1929 stock market rally that, when it crashed back to earth, was the genesis of the Great Depression.

No comments: