Wednesday, August 5, 2009

Percentage of stocks above 200 day moving average

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5 comments:

  1. Henry BeeAugust 5, 2009 at 7:28 PM

    take a look at that number from 2000-2004. not so bearish now?

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  2. CPAugust 5, 2009 at 9:00 PM

    Thanks, Henry. I'm sure the S&P will be back at 1600 in no time.

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  3. Henry BeeAugust 5, 2009 at 11:57 PM

    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.

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  4. CPAugust 6, 2009 at 12:14 AM

    I dunno. How much higher is it going to go? They don't scare me.

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  5. ehAugust 6, 2009 at 8:49 AM

    At this point I would not put any money on that.

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