Pending Gloom?

Throughout history there have always been naysayers.  Gamblers fallacy strengthens as bull markets continue, and shorts can never stay liquid longer than a bull market can stay irrational.  But the WSJ points out that it has been 700 trading days since the Dow closed 10% below its previous high, the fourth longest run of that size.  Here are some others to gain perspective:

Jan. 1991 – October 1997
1,705 days
May 2003 – Nov. 2007
1,132
Aug. 1984 – Oct. 1987
808
Nov. 2011 – Present
707
Dec. 1943 – Aug. 1946
683
Jan. 1963 – June 1965
625
Oct. 1953 – Oct. 1955
505

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