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  • Dow: Longest Winning Streak in 80 Years [View article]
    Chad:

    I think that it is a big mistake to think too much about this issue of a long 'winning streak' measured in terms of daily returns. Why is this meaningful. Maybe it is, but why? Is a string of small incremental positive gains more meaningful than a choppy market that ends up at the same point? Sure, it may say something about psychology--but what? It is true that investors have been getting complacent--this is evidenced by the VERY low market volatility:

    etf.seekingalpha.com/a...

    But this issue of watching daily returns for the length of streak is, IMHO, a distraction.
    May 10 12:13 pm |Rating: 0 0
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