For data buffs: Stephen Suttmeier of BAML points put that this is the 5th-longest S&P 500 streak above the 200-day MA going back to 1928.
“The S&P 500 Index moved above its 200-day moving average on November 19, 2012 and has not closed below it on a daily basis for 21 months. The record is 30 months between 11/25/1953 and 5/23/1956.
The last time we had a streak of 21 months was between 7/27/1950 and 4/30/1952, which coincided with the S&P 500 secular bull market breakout in 1950. The current streak is part of the secular bull market breakout in April 2013. This 21-month streak for the S&P 500 above its 200-day moving average is another similarity between the current secular breakout and the secular breakout from 1950.”
Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data and lack of respect for scientific knowledge. Be sure to create straw men and argue against things I have neither said nor implied. If you could repeat previously discredited memes or steer the conversation into irrelevant, off topic discussions, it would be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.
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