10/15/09 Stockholm, Sweden – Is it actually possible that the current S&P rally is the sharpest ever? Can this be real?
It’s difficult to imagine that from trough to peak we’ve witnessed the most successful recovery in the history of the S&P. Looks like the billions in stimulus have accomplished something… but, it’s not the type of accomplishment that seems unlikely to last…which is why The Daily Reckoning’s ‘Crash Alert’ flag continues to fly.
This telling chart is originally from Gluskin Sheff, but we found it first on The Big Picture.
Rocky Vega
Rocky Vega is publisher of The Daily Reckoning. Previously, he was founding publisher of UrbanTurf and RFID Update, which he operated from Brazil, Chile, and Puerto Rico, and associate publisher of FierceFinance. He specialized in direct marketing at MBI, facilitated MIT Sloan School of Management programs, and has been featured on CBS. Vega graduated with honors from Harvard University, where he was on the board of Let’s Go Publications and directed business programs involving McKinsey, Goldman Sachs, and Harvard Business School faculty. He is also enrolled at the Stockholm School of Economics.
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Rocky,
inverse trade between dollar and S&P 500
great chart here; literally a 180 degree switch between April and october
http://www.fundmymutualfund.com/2009/10/inverse-correlation-of-stocks-and-us.html