Comparing Peaks
We can Monday morning quarterback post facto...or look to our technicals and make our own analysis. When the S&P seeks to break an ATH....
What is in the cards next? The S&P 500 got cut in half following all-time highs in early-2000 and late-2007. Therefore, the thinking goes that any time stocks reach new highs that disaster can’t be too far away...but, history tells many stories. We will zoom out eventually to glean a clear picture of this arc..but, the immediate future is pretty clear. The wave will recede, but how long and deep...?
What is in the cards next? The S&P 500 got cut in half following all-time highs in early-2000 and late-2007. Therefore, the thinking goes that any time stocks reach new highs that disaster can’t be too far away...but, history tells many stories. We will zoom out eventually to glean a clear picture of this arc..but, the immediate future is pretty clear. The wave will recede, but how long and deep...?
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