Friday, April 16, 2010

"Two Months of Up Days"

While Prieur du Plessis correctly wrapped up his comments in the post below ("Picture du Jour: Stock market rallies in context") saying:
"...In short, the current post-massive bear market rally is by no means atypical."
The last two months have been uncommon. From Bespoke Invesment Group:

Over the last two months, 73% of the trading days have been up days. Since 1980, there have only been 3 other periods where this high of a reading was reached -- 6/1980, 4/1995, and 11/2006. Be sure to remember this trading period, because this kind of action does not happen often.