Insider

The Pressure Builds - G20 Shocker

Saturday, June 5, 2010, 2:10 PM
Enroll NowFor enrolled members only. Enroll or Sign in to read the full article.

Well, what a lousy week in the stock and European bond markets that was.  The S&P recorded its first weekly close below the 50 week moving average (wma) in a year, as viewed on the weekly chart below.

The S&P 500  is also sitting below the 200 day moving average (not shown below) and bounced off it twice from below, once in late May and again on Thursday.  It was soundly rejected both times.  It now seems probable that the rally over the past year was an ordinary bear market rally - albeit a long one fueled by the trillions of dollars in stimulus and thin-air injections - and is over and done.

So the question is, what next?

 

Enroll Now
Or Sign In with your enrolled account.
Endorsed Financial Adviser Endorsed Financial Adviser

Looking for a financial adviser who sees the world through a similar lens as we do? Free consultation available.

Learn More »
Read Our New Book "Prosper!"Read Our New Book

Prosper! is a "how to" guide for living well no matter what the future brings.

Learn More »

 

Related content

120 Comments on The Pressure Builds - G20 Shocker

Enroll now or Sign In to read all member comments.