Financials Make it Nine in a Row

The S&P 500 Financial sector rose once again today, making it nine up days in a row for a total rally of 6%.  Since 1990, there have only been two other periods where the sector rallied for nine straight days.  In each of those prior periods, the streak ended at nine days.  In 1995, the index followed up the nine-day winning streak with a six-day losing streak, while in 1997, the sector declined in four out of the next six trading days.  Bears would love to see similar action this time around!

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Comments

[Avinash]

Make it ten this year - Its a BLACK SWAN!!!

[jimmie]

i predick that the market will fall below .06 that it gain in past 9 bay.

[halid]

What we are seeing now is predictable. There will be crumbs for us all but in the end the "meek" such as China and India will inherit the lot.

[Marrilyn]

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