billyjoerob
Registered: Jul 2009
Posts: 688 |
08-27-12 06:26 PM
From Lowry's REports:
"On the day on which the Dow Jones Industrial Average reached its absolute high
for the 1920s bull market, the percentage of stocks making new 1929 highs that day was
not 80% or 75% or even 70%. It was 2.30%. Out of 826 stocks that were traded on the
New York Stock Exchange that day, only 19 stocks made their highs. Equally surprising,
only 15.62% of all issues traded on the NYSE were either at, or within 2% of their 1929
highs."
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