* Yet Another Longer-Term Perspective - I of late offered a long-term perspective based on the pct of NYSE stocks trading inward a higher house their 200-day moving averages. Here's a dissimilar get got on the issue. In Jan as well as March of this year, equally markets hitting their lows, the S&P 500 Index ($SPX) moved to a greater extent than than 10% below its 200-day uncomplicated moving average. I went dorsum all the means to 1960 (N = 11962 trading days) as well as constitute 667 occasions inward which $SPX was to a greater extent than than 10% below its 200-day MA. When nosotros hold back 200 days later, $SPX was upward 525 times, downward 142 times, for an average gain of 13.51%. That compares rattling favorably amongst the average 200-day gain of 6.05% (8017 up, 3268 down) for the residual of the sample. Of course, that's non to enjoin that a weak marketplace can't become weaker: inward 1974, 1987, as well as 2002, $SPX went to a greater extent than than 20% below its 200-day MA earlier righting itself. Interestingly, at that topographic point get got alone been 78 days inward the entire menstruum from 1960-present inward which $SPX has been to a greater extent than than 20% below its 200-day moving average. The marketplace finished stronger 200-days after on 76 of those 78 occasions.
* Interesting Fed Perspectives - The Big Picture takes a hold back at Greenspan, Bernanke, as well as Friedman as well as the role of the printing press to run our means out of deflation. For to a greater extent than on Fed perspective, banking concern fit out Charles Kirk interviews a winning stock picker as well as takes a hold back at what makes him tick. While we're on the topic of stock picking, banking concern fit out what tends to hap when markets drib during a non-trending period.
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