Percentage of stocks above 200 day moving average
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5 comments:
take a look at that number from 2000-2004. not so bearish now?
Thanks, Henry. I'm sure the S&P will be back at 1600 in no time.
LOL CP. I appreciate your sarcasm.
I'm just saying overbought doesn't automatically mean a great time to short. This is definitely still a secular bear market though.
I dunno. How much higher is it going to go? They don't scare me.
At this point I would not put any money on that.
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