S&P Goes Longest Without A 5% Pullback In 20 Years As NFLX Leads Nasdaq To Record Highs

Discussion in 'Wall St. News' started by Scataphagos, Jul 19, 2017.

  1. vanzandt

    vanzandt

    Well there ya go...
    UNP beats top line estimates .06
    Record earnings for Q2

    America's economy last quarter in a nutshell:

    Intermodal up 3 percent
    Chemicals up 4 percent
    Automotive up 5 percent
    Agricultural Products up 7 percent
    Industrial Products up 24 percent
    Coal up 25 percent

    Yep.... blue skies ahead. For awhile at least.

    Conference (8:45 EST) here https://services.choruscall.com/links/unp170720QCIbdLDE.html
     
    #21     Jul 20, 2017
    johnnyrock likes this.
  2. piezoe

    piezoe

    I don't know where this crap comes from, probably a fake news site like infowars or Breitbart, and I don't know about 20 years, but I strongly suspect the title of this thread is pure bullshit. And if it isn't, what does it matter.

    May to Sept 2011, 17% correction -- more if you consider range and not just open to close.

    July, 2015 - Jan, 2016 8% pullback -- range much greater

    Monthly bars.
     
    #22     Jul 20, 2017
  3. neke

    neke

    I think you have the interpretation of the thread title wrong. The OP is saying in the last 20 years, the market has not gone this long without a 5% correction. From looking at the SPY, I can see the last 5% correction (from a prior all-time high) was June 27, 2016 - that was a 6.5% correction from a prior high (213.7 - > 199.60). That is more than 12 months now. I haven't gone back much further, but he is implying this is the longest stretch in 20 years between 5% drawdowns.
     
    #23     Jul 20, 2017
    johnnyrock likes this.
  4. piezoe

    piezoe

    They are looking at artifacts of coming off not a correction but a crash; the largest one in 80 years. The lower the S&P the easier to get 5%. People forget that. There is nothing at all here remarkable. We have a correction coming up right after the impatient shorts get squeezed and we hit a new high on a big range monthly bar with volume. The weak hands being squeezed will cover by buying from the guys that know when it's time to short. Then we can have our correction.:cool:
     
    Last edited: Jul 21, 2017
    #24     Jul 21, 2017
  5. punisher

    punisher

    or we finally get some sort of event that wasn't on anybody's radar, then you get one freaking huge monthly bar down on huge volume after gap down. These markets nowadays are prone to flash crashes, so it is up up up until it goes down so fast that you won't even catch that trade...
     
    #25     Jul 22, 2017
    piezoe and johnnyrock like this.
  6. johnnyrock

    johnnyrock

    Boom panic repeat
     
    #26     Jul 22, 2017
  7. I love it when I see other people reading ZH!
     
    #27     Jul 22, 2017
  8. piezoe

    piezoe

    OK, I know you can't be serious.
     
    #28     Jul 22, 2017
  9. How do you know? Why can't I be serious?
     
    #29     Jul 23, 2017
  10. piezoe

    piezoe

    Oh, C'mon.
     
    #30     Jul 23, 2017