Eight Straight: 52% Ain’t Bad


Another Good News Thursday saw major US stock indexes closing at fresh 2009 highs. The Dow Jones Average was up for the eighth straight day — the best winning run since April 2007.

As we predicted here, the bull market move has been swift and steep leaving many investors in the dust. Stocks have essentially risen for the last five months, with the S&P 500 index now up better than 52% from the 12-year low on March 9.

It continues to amaze me how the stock market charts for 1974-75 look so similar to the 2009 stock graphs.

Leave a Reply

 

 

 

You can use these HTML tags

<a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>