Menu Close

The S&P 500: Six Consecutive Down Days

June 8, 2011

Posted Image The S&P 500 closed the day down 0.42%, the sixth consecutive finish in the red. According to my quick visual scan, this is the first string of six losses since before the market bottom in March 2009. The correction is now 6.16% below the interim high of April 29. The index is 89.1% above the March 2009 closing low but 18.2% below the nominal all-time high of October 2007. Below are two charts of the index — with and without the 50 and 200-day moving averages.

For a better sense of how these declines figure into a larger historical context, here’s a long-term view of secular bull and bear markets in the S&P Composite since 1871. More…

View the original article on dhsort.com

This site uses Akismet to reduce spam. Learn how your comment data is processed.

RSS
Follow by Email
LinkedIn
Share