The S&P 500 has now gone 1,128 calendar days (October 3, 2011 – November 5, 2014) without a 10% or greater drop in the index, the fourth longest stretch without a double-digit pullback in nearly 70 years. The S&P 500’s correction-free run overtakes the 1,127 day streak within the 1984-87 bull market. If current market strength persists, the next S&P 500 record (1962-66) will fall on January 22, 2015.
♦ Please note that my readings will change without notice, so please don’t buy or sell solely based on anything you read in this blog. ♦
The S&P 500 has now gone 1,128 calendar days (October 3, 2011 – November 5, 2014) without a 10% or greater drop in the index, the fourth longest stretch without a double-digit pullback in nearly 70 years. The S&P 500’s correction-free run overtakes the 1,127 day streak within the 1984-87 bull market. If current market strength persists, the next S&P 500 record (1962-66) will fall on January 22, 2015.