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Mar 30 2023

What Does The Dow Have To Say About A “New Bull?”

  • Mar 30, 2023

Yesterday the NASDAQ 100 closed up more than 20% from its late-December low, prompting the media to enthuse that it had entered a “new bull market!” Sadly, though, the “NDX” has no company among the broad indexes: During this NASDAQ move, gains in the S&P 500 and Russell 2000 have been just 6.5% and 2.9%, respectively, while the DJIA is down 0.5%. (So much for January’s “breadth thrust!”)

Oct 07 2021

Yet Another Late-1990s’ Comparison

  • Oct 7, 2021

The post-COVID surge in the NASDAQ 100 has been a perfect match in terms of duration with the one following the crisis afflicting Russian debt (and the LTCM debacle) in the fall of 1998. Incredibly, both of these historic market moves lasted 369 trading—but that’s where the resemblance ends.