The market rally is mimicking a trend that hasn't been seen in more than two decades, according to Avalon Advisors' Bill Stone.
Stone's takeaway: It looks a lot like the dot-com boom based on 65 trading days since the December low. In a note out Monday, Stone wrote"Our analysis of rebounds following large declines since World War II puts this rebound at the high end of the typical at this point."Since the December meltdown, the S&P 500 has surged more than 22 percent. The index is now just 2 percent off its all-time high of 2,940, hit last September — a level he expects will be surpassed this year.
Where is the growth?
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Investors shun stock funds amid the market's best start to a year since 1998While stocks are on track to post their best quarter since 2009 and best start to a year in more than two decades, equity funds have failed to attract new money. Gonna lose their ass. republicans and a republican president caused the great depression ! same policies going on now ! anyone remember ? Does anyone take into account the market bottomed around the 1st of the year? Those are smart investors. On the other hand smart traders will be short.
Source: CNBC - 🏆 12. / 72 Read more »
Source: CNBC - 🏆 12. / 72 Read more »
Source: CNBC - 🏆 12. / 72 Read more »