are we in a spec boom or what?

  1. 1,383 Posts.
    I have done some statistics on the proportins of stock more than 3% above or below their 200 day MA (long term trend)

    Present 26% below 61% above
    March 60% below 24% above
    July 2001 54% below 31% above (market top)
    July 1997 38% below 51% above

    So if you were wondering why you werent making any money before March:

    we have been in a bear market for the majority of equities ever since 1997!!!

    And since March - the odds have been superbly in your favour. Buy and hold a random set of stocks since March the odds have been about 7:3 in your favour.
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.