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  • bee October 2016
Here's a statement of the obvious: The opinions expressed here are those of the participants, not those of the Mutual Fund Observer. We cannot vouch for the accuracy or appropriateness of any of it, though we do encourage civility and good humor.

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Art Cashin II: "Critical If Market Closes Below 2,130"

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  • beebee
    edited October 2016
    The S&P 500 made its first new high at 2130 on May 21, 2015. It took 14 months and a pullback to 1829 (about 15% off its 2130 high) before the S&P 500 moved once again moved above 2130 in July of 2016. Today, a full 17 months later, it stands at 2126. This is 50 points below its must recent new high of 2187 (or about 2.5% below its most recent new high).

    Here the 2 yr chart:
    image
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