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The Average Stock Is Just Shy Of Being In A Bear Market
Thursday, December 17, 2015 10:26
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zerohedge.com / by Tyler Durden on 12/17/2015 – 08:51
Via Bryce Coward of Gavekal Capital blog,
As of today’s closing the S&P 500 index is quite literally in spitting distance of its all-time high as the markets cheered the first rate hike in a decade. Yet, as we noted here and here, most stocks are not quite acting as ebullient as one might expect given former.
Here is more evidence of just that. The below chart shows the average stock’s distance from its own 1-year high, which at 19% implies the average stock is just outside the threshold of being in a bear market.
The post The Average Stock Is Just Shy Of Being In A Bear Market appeared first on Silver For The People.
Source: http://silveristhenew.com/2015/12/17/the-average-stock-is-just-shy-of-being-in-a-bear-market-2/
