July 4th
The latest S&P 500 closing price is 30.4% below July 4th 2000, and the market performance in the intervening years has been a roller coaster of nauseating effect. At present the index is down 16% from its interim high, and on Friday the 50-day moving average crossed fractionally below the 200-day moving average ? the so-called death cross. Market technicians in unison are pointing to the dreaded head-and-shoulders pattern in several major stock indexes around the world.
These are indeed troubling times. But the US has a long record of managing calamities and finding the light at the end of the tunnel.
thanks to dshort.com
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Last
8,589.3 |
Change
-13.700(0.16%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 8,603.0 | 8,617.0 | 8,572.1 |
| XJO (ASX) Chart |