It can't get much worse. . . can it?
Right now 82% of NASD stocks are below their 200 day moving average. The last time we had a number that low was mid-2002 when 91% of stocks we're below--that's nutty.
Tomorrow will be interesting.
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1 comment:
Bespoke has a great graphic showing what your current cumulative returns would have been if you had bought the SP500 on the first of the year for the years 2002-2008.
I started trading in 2005, so if I had just bought the market I would be up 8%. My cumulative return is actually 45%, so I guess I should be happy.
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