QQQJ - Measuring The Bull Market By The Numbers
2024-03-11 21:10:00 ET
Summary
- While a 25% surge in the S&P 500 in four months sounds like a big rally, we were down over 10% in the previous three months, so it is not that big a move since July 31.
- This time around, we did not have an overall recession, even though some parts of the economy have definitely receded.
- I don’t believe the overall stock market is overheated, even though certain individual stocks certainly are overheated.
Most investors know what Dow numbers mean, but they don’t stop to ask themselves what 100 S&P 500 points are worth, which in many cases can be less than the weekly range of the index....
Measuring The Bull Market By The Numbers