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A bit of perspective on the mildness of the recent pullback, CJ Mendes provides a graph of the...

A bit of perspective on the mildness of the recent pullback, CJ Mendes provides a graph of the percentage of NYSE stocks 2 standard deviations below their 200-day moving average. It's at the high end of the range, but not at an extreme, nor anywhere close to the levels reached during last fall's great buying opportunity.
Comments (4)
  • Complacent VIX indicates more downside to come.
    21 Nov 2012, 01:43 PM Reply Like
  • The VIX can be low for a while, FYI.
    21 Nov 2012, 01:47 PM Reply Like
  • One must place the differences between last year and this in context. Last fall was following the hysteria generated by the debt-ceiling charade and subsequent ratings downgrade of U.S. debt, while this year there are no such exigent events, so one would not expect anywhere near the same number of depressed issues.
    21 Nov 2012, 01:54 PM Reply Like
  • When the market pops on fiscal cliff resolution news, shorts will sell with both fists imo.
    21 Nov 2012, 02:00 PM Reply Like
DJIA (DIA) S&P 500 (SPY)