Tuesday, 1 December 2009

Market Musings

The S&P 500 finished up 5.74% in November, making that 8 out of 9 months since the March lows that the index has closed up. There aren't many examples in history showing that kind of uninterrupted rise except for "actual bull markets". If the market the market has been continuously going up for 8 out of 9 months and this usually only happens in bull markets; then why don't I feel confident that this party is going to last. Well, its the performance of the market recently. For all the hype, the market is up very significant in the last three months, and it seems to be losing momentum. The trend is still up, but I think it would be dangerous to start buying now if you haven't already.

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