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Signs of Investor Skittishness
After today’s 127 point gain, the Dow has been up, down and then up again by more than 100 points for three days in a row. Below is a chart of the other times that the Dow has had alternating triple...
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Dow Longest Winning Streaks of All Time
The Dow finished up five points today, which was just barely good enough to give the index its 9th straight daily gain. Since 1900 there have been nearly 31,000 trading days, but a daily streak of 10+...
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What is the Effect of Window Dressing?
Since Friday Thursday is the last day of the quarter, there will likely be plenty of talk about window dressing as the week goes on. It’s generally assumed that window dressing (purchases made at the...
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Should We Fear All Time Highs?
As the S&P 500 churns just below its all time high, many seem inclined to sell their equity holdings on the basis of the highs alone. But is there really reason to be concerned just because the...
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Fourth 1% Decline This Year
Today’s 1% Decline for the S&P 500 was the 4th daily decline that large this year. At this point last year we had only had one 1% decline, while in 2010 we had already had seven, which was about...
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Dow Has Been Positive For 15 of Last 18 Months
In a conversation with a friend today he mentioned that the $SPX has been up in nine out of the last ten months and is on pace for it’s 10th gain in the last eleven. This reminded me of the fact that...
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S&P 500 May Seasonality
As usual for the first day of the month, below is a chart of the seasonal pattern for the month of May over the last five and ten years. It’s no secret that May has been a poor month the last few...
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How Long Until the Nasdaq Makes a New All Time High?
As the Dow and S&P 500 continue to close at new all time highs, the poor Nasdaq is the only major US index which can’t follow suit. The $COMPQ is still 30% lower than the highest level it reached...
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S&P 500 June Seasonality
In LA we have a seasonal weather pattern that we refer to as “June Gloom” because May and June are actually the most overcast months of the year in Southern California. This month we poor Angelenos...
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