45 Days Without a -1% Slide Equals a Coming Correction

Filed under: Major Movement, Other Issues

This is getting a little too easy! Friday's positive close marked the forty-fifth calendar day that has elapsed since the Standard & Poor's 500 stock index pulled back even a measly 1%. The Dow even briefly reclaimed 11,000 before rolling back a hair away from the milestone figure at the close.



If you were a visitor from another planet, you would be forgiven for concluding that the stock market always goes up. It certainly has seemed that way since February 23, when the market posted its last significant one-day drop.



In fact, according to the statistical whizzes at Bespoke Investment Group, this is one of the longest runs without a 1% "correction" (extending a day or more) since 1990. The most recent previous instance was 42 days from March to May 2007.

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45 Days Without a -1% Slide Equals a Coming Correction originally appeared on BloggingStocks on Fri, 09 Apr 2010 18:30:00 EST. Please see our terms for use of feeds.

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