The chart of the day is courtesy Mark Hulbert via Marketwatch.com and shows the time taken for the Dow Jones Industrial Average to reach prior highs since the early 1900's. The current market has spent more than a year in trying to reach its prior high and has taken over 410 days to reach recent new highs, eclipsing the 379 days it took in the bull market correction of the 1990's making further new highs more and more elusive:
Oversold Rally — 0r More?
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A strong oversold rally, aided by some earnings reports, has carried $SPX
back up to its 20-day moving average. It remains to be seen, though, if it
can fo...
13 minutes ago