S&P Goes Longest Without A 5% Pullback In 20 Years As NFLX Leads Nasdaq To Record Highs

vanzandt said:
So all that being said... tomorrow one of my favorite stocks reports.
I've never owned/traded it once in all these years .... but its the crystal ball into everything macro.
CSI this one and you'll know whats up.
Cars, grains, lumber, chemicals, aggregates.... etc etc.
Union Pacific. (UNP)
One of the best barometers there is.
My guess....
Watch em come in strong and gap up.
The markets will follow.
Trumpy needs em.
More...

Well there ya go...
UNP beats top line estimates .06
Record earnings for Q2

America's economy last quarter in a nutshell:

Intermodal up 3 percent
Chemicals up 4 percent
Automotive up 5 percent
Agricultural Products up 7 percent
Industrial Products up 24 percent
Coal up 25 percent

Yep.... blue skies ahead. For awhile at least.

Conference (8:45 EST) here https://services.choruscall.com/links/unp170720QCIbdLDE.html
 
I don't know where this crap comes from, probably a fake news site like infowars or Breitbart, and I don't know about 20 years, but I strongly suspect the title of this thread is pure bullshit. And if it isn't, what does it matter.

May to Sept 2011, 17% correction -- more if you consider range and not just open to close.

July, 2015 - Jan, 2016 8% pullback -- range much greater

Monthly bars.
 
piezoe said:
I don't know where this crap comes from, probably a fake news site like infowars or Breitbart, and I don't know about 20 years, but I strongly suspect the title of this thread is pure bullshit. And if it isn't, what does it matter.

May to Sept 2011, 17% correction -- more if you consider range and not just open to close.

July, 2015 - Jan, 2016 8% pullback -- range much greater

Monthly bars.
More...

I think you have the interpretation of the thread title wrong. The OP is saying in the last 20 years, the market has not gone this long without a 5% correction. From looking at the SPY, I can see the last 5% correction (from a prior all-time high) was June 27, 2016 - that was a 6.5% correction from a prior high (213.7 - > 199.60). That is more than 12 months now. I haven't gone back much further, but he is implying this is the longest stretch in 20 years between 5% drawdowns.
 
neke said:
I think you have the interpretation of the thread title wrong. The OP is saying in the last 20 years, the market has not gone this long without a 5% correction. From looking at the SPY, I can see the last 5% correction (from a prior all-time high) was June 27, 2016 - that was a 6.5% correction from a prior high (213.7 - > 199.60). That is more than 12 months now. I haven't gone back much further, but he is implying this is the longest stretch in 20 years between 5% drawdowns.
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They are looking at artifacts of coming off not a correction but a crash; the largest one in 80 years. The lower the S&P the easier to get 5%. People forget that. There is nothing at all here remarkable. We have a correction coming up right after the impatient shorts get squeezed and we hit a new high on a big range monthly bar with volume. The weak hands being squeezed will cover by buying from the guys that know when it's time to short. Then we can have our correction.:cool:
 
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piezoe said:
They are looking at artifacts of coming off not a correction but a crash; the largest one in 80 years. The lower the S&P the easier to get 5%. People forget that. There is nothing at all here remarkable. We have a correction coming up right after the impatient shorts get squeezed and we hit a new high on a big range monthly bar with volume. The weak hands being squeezed will cover by buying from the guys that know when it's time to short. Then we can have our correction.:cool:
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or we finally get some sort of event that wasn't on anybody's radar, then you get one freaking huge monthly bar down on huge volume after gap down. These markets nowadays are prone to flash crashes, so it is up up up until it goes down so fast that you won't even catch that trade...
 
punisher said:
or we finally get some sort of event that wasn't on anybody's radar, then you get one freaking huge monthly bar down on huge volume after gap down. These markets nowadays are prone to flash crashes, so it is up up up until it goes down so fast that you won't even catch that trade...
More...

Boom panic repeat
 
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