Time constraints have kept me from blogging frequently in recent months. Today I will do some catching up by reviewing the long term scenarios and indications we have been covering. Long term readers will remember my Dow 32000 series, which I started sharing in 2013: The case for Dow 32000. Many people declared me crazy,… Continue reading Updated long term scenarios and charts.
Tag: 1% down days
We got a 1% down day, what next?
The S&P 500 dropped 1.2% yesterday and this ends a 109 day streak without 1% drop. This is only the 13th such +100 day period since 1950 for the S&P, see my February post. This drop was met with panicked reactions and crash warnings on social media, but people forget that 1% down days in… Continue reading We got a 1% down day, what next?
A long absence of 1% down days
The S&P 500 hasn’t had a 1% down day (on a closing basis) since 11 October 2016. That’s 92 trading days without a more than 1% decline, the longest such streak since late 2006. If the market keeps this up a few weeks more then the current series will join the 100+ day club, which… Continue reading A long absence of 1% down days