Tuesday, June 29, 2010

New low

Today's closing value for the S&P 500 index was 1041, which is a new low point for this large correction. The market is currently 15% below the late-April peak, and the S&P would have to drop to 975 to make it an official bear market.

1 comment:

linc campbell said...

And if you look at monthly averages on the Russell 3000, the 2 month and 9 month just hit a death's cross.

That's the fire. Here's the gasoline and the match: http://www.hussmanfunds.com/wmc/wmc100628.htm

disclosure: I own no Hussman Funds.