When a Rally's Too Good to be True, it Probably Isn't

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.


The Daily Reckoning