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FUN
Fun History Fact about S&P 500 Here's a fun historic fact about the SPX . According to the National Bureau of Economic Research :
" This year is only the 8th since 1929 to post a January loss after 3 or more consecutive up years,All prior 7 closed down for the year, (avg -14.8%), and all 7 were followed by a recession on average 7 months later. The prior years: 1953, 1957, 1973, 1981, 1990, 2000, 2008."
Hmmm , interesting.
Have a great weekend guys
Cheers
Algo
Fun With (Time) Fibs, Follow Up.This is just a follow up chart for an earlier idea I had albeit given up on ( ). I've had to update it for the obvious reason that the April 10th bottom didn't hold, thus the time fibs fell out of whack. So this is just the same basic, mirrored time fib study as last time, just built on the latest data available.