The last few weeks have been the strongest and most consistent rallies in US equity market history. US equity markets have traded above their 5-day moving average for 27 days – the longest such streak since March 1928 and all amid GDP downgrades, missed PMIs, and downward earnings outlook revisions. Given the holiday week, it is hardly surprising volume was weak today.
27 days and counting for the S&P… an 86 year record… (within a year of this exuberance stocks had doubled and then halved!!)
This is what happened the last time the market did that…
Well the good thing is that in markets “History Never Repeats Itself”
I do not know about others, but it scares me a little bit…
This is an interesting Post. Lets wait and watch on whether we mirror 1929.
I think market dynamics were different in 30’s. But it is clearly visible that US markets are entering 7th yr of bull run in stocks in 2015. You should see a peak in a year or two.. For now Ride the run.