Tag Archives: bull market
This new meme that emerged last week confirms my view that many try to rationalize price action in the context of their expectations and that most of technical analysis is thinking in words.
Permabears complain constantly in social media that this is the longest bull market in stocks for over six years. This is a way of justifying their wishful thinking. When did the bull market really begin? Let us think about it.
The stock market may correct for fundamental reasons but not for technical because it is not overextended on a short-term basis, as some argue. The S&P 500 has stayed 62 days above its 50-day moving average and that is within … Continue reading
Since 1960, 40.58% of monthly returns in S&P 500 have been negative. The mean is 0.64% with a standard deviation of 4.275%, i.e. a risky environment despite the long-term uptrend. Returns for the month of July have been negative 53.70% of … Continue reading