Reading todays edition from ASI authored by Kris Sayce and I have just been made aware that: " Since the S&P/ASX 200 was first established on 17 October 2011, the index has never - repeat, never - had a run of thirteen up-days over fourteen trading days. Yet that's exactly what has happened since 18 March." Seems the stocks have taken the elevator up this time............but what are they going to take on the way down?
I cant post a link. It was in an e-mail newsletter i receive. It is fact. The publishers made a mistake. It should read '2001' The point is, the climb in stocks over the past couple weeks has been very unusual compared to other runs in the 10 year recorded history. Especially since in those 10 years we have had a couple good bull markets and right now we are in anything but.
So the 13 up days happened in this March just gone for the 1st time sice 2001. hehe The dead tiger bounce