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Cory’s Chart Corner
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Maybe it is different, but the decline in breadth is playing out as it did during the Tech-wreck why, because humans are involved. Same ol'e crazy!
h/t @MauiBoyMacro
“.. equity market breadth has narrowed in recent weeks to one of its lowest levels on record. The S&P 500 has rallied by 14% from its low in late March and now trades at a new record high. However, the median S&P 500 constituent remains 13% below its respective high.” 👇🏼
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Daily Archives: July 19, 2010
Bob Shiller: "Double-Dip concern is growing"
As an aside, Shiller's preferred price measure for stocks is not the notoriously misleading P/E of forward operating earnings touted by the perma-bull crowd. Shiller prefers an earnings estimate based on the 10-year average of actual net (not forward operating) … Continue reading
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