| ||||||||||||||||||||||||||||||
Bull market gains – too much too soon
The chart below, courtesy of Jim Stack of Investech Research (via The Big Picture), shows that the duration of the current 22-month bull market is about half the average S&P 500 bull run since 1932.
However, the fact that the Index has gained more than 90% since its March 9 low (versus 56.1% on average after two years of previous bull markets) is of concern and argues that a pullback/correction is overdue. Not to mention the market’s overbullish, overvalued and overbought condition.
Source: Investech Research (hat tip: The Big Picture), January 20, 2011.
More on this topic
(What's this?)
Bullish Technicals Forming In The Midst Of The Correction
(Disciplined Approach to Investing, 9/10/15)
S&P Triangle Formation Suggests Downtrend Will Continue
(Capital Essence's Investment Blo..., 9/9/15)
S&P500 Getting Ready to Break
(the Underground Investor, 8/19/15)
 |
![[Most Recent Charts from www.kitco.com]](http://www.kitconet.com/charts/metals/gold/t24_au_en_usoz_4.gif)
 (requires Windows Media Player) 
|  
   | ||||||||||||||||||||||||||||
Copyright © 2017 Investment Postcards from Cape Town - All Rights Reserved | ||||||||||||||||||||||||||||||
By Prieur du Plessis, on January 21st, 2011 posted in: 
Email
Byron Wien Announces “The Ten Surprises” for 2013
Prieur’s Readings (January 3, 2013)
Bob Farrell’s 10 rules for investing
Running 2012 NYC Marathon – a means to a better life for impoverished children
Prieur’s Readings (August 29, 2012): No “death of equities”
Leave a Reply