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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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Monthly Archives: August 2010
Rosenberg debates more stock market perma-bulls this morning
The discussion makes a few key points. First, guys at perpetually long equity firms (the vast majority of commentators) are constantly married to an optimistic hope for the stock market. No one should ever be mislead or encouraged by their … Continue reading
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Human behaviour, you can set your watch by it
A great piece on China this morning from copper market analyst Simon Hunt courtesy of John Mauldin's Thoughts from the Frontline. The article is worth reading and cites some sobering stats on demographic and resource hurdles (especially water) facing the … Continue reading
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Late day recovery does not change facts
Friday the stock markets staged a late day recovery on the notion that the North American economy is in such poor condition its governments will be under pressure to search for more 'magical' ways to inject tax-payer capital into the … Continue reading
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