January 01, 2011
– Comments (10)
update of the usual figure displaying the S&P 500 index (see this post).
December 31, 2010 was trading day 451 (taking March 9, 2009 as trading day 0) of the current rally. A year has around 252 trading days. So December 30, 2011 should be around trading day 703 of the rally (should it not have died earlier, hehe). The green trend line is at around 1438 on trading day 703 ...
Thanks for the update
i like this chart.
we shall now wager on whether the S&P hits the top of the line in 2011.
you may take your pick first
and the stakes
Yes, it will. I offer one year of free advice.
Yes it will, and my reason why:
The quadruple whammy is that (1) QE puts dollars in the room and the market soaks them up like a sponge. (2) HFT needs very little real (fake) cash to stay afloat. (3) The financial newsmakers still have lots of fodder left before they will be forced to cylcle back to America's problems. (4) This makes folks buy gold/silver/oil/dividends and such things as a hedge, but all such actions actually drive the market higher.
None of which address the problem, but together could last a surprising length of time.
I offer a weeks stay at my place in western colorado, and a free sample of medical marijuana while you're here.
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