July 4thThe latest S&P 500 closing price is 30.4% below July 4th...

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