This market is considered by some as a new bull market. At no point in history has a bull market produced such a huge rally, S&P 500 up 72% in 10 months. Last time that happened was the Great Depression. As further item to consider is the recent market movements. The market first hit S & P 500 at 1080 4 months ago, and in 7 days the market retraced down. The last time the S&P was at 1080 was about 10 weeks ago.
The point is, at any sign of issues the market is tracing quickly as compared to the advance.
Food for thought.
A chart for your pleasure.
|From WebSufinMurfs FinancialBlog2|