The S&P 500 (SPY) has yet to have even a 4% correction this year, with the only other time...

The S&P 500 (SPY) has yet to have even a 4% correction this year, with the only other time since 1980 the index made it to this point without one being 1995, according to Miller Tabak. The S&P went on the finish 1995 with a 34% advance that was but a small precursor to gains yet to come. One difference: 1995's gain was led by cyclicals and tech. This year's by defensive sectors (though showing signs of rotation).

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Comments (4)
  • Joe2922
    , contributor
    Comments (519) | Send Message
    It's BlowOff Rally Time, where she stops nobody knows. Great charts, this SA blogger says Party Hardy now but don't get drunk and miss the sell signal. Sell in May is still in play
    10 May 2013, 08:47 AM Reply Like
  • Bajajames
    , contributor
    Comments (10) | Send Message
    History does repeat ........... unless there's a shift!
    10 May 2013, 08:53 AM Reply Like
  • Joe2922
    , contributor
    Comments (519) | Send Message
    Twain said "it rhymes" and the charts don't play out exactly as prior, similar times. CB & Bond Funds have been buying stocks, I never saw that before! So there really IS a plunge protection team...but need a plunge beforehand, right? The FED came in with QE-forever near market highs at the time.
    10 May 2013, 09:06 AM Reply Like
  • bbro
    , contributor
    Comments (11240) | Send Message
    1995 was a different time....Baa rates dropped most of the year (going from 9.1% to 7.4%) while
    earnings jumped 19%...
    10 May 2013, 09:47 AM Reply Like
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