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Stock Market Erasing the "Easing" Gains

Stock-Markets / Stock Markets 2012 Sep 27, 2012 - 04:34 AM GMT

By: PhilStockWorld

Stock-Markets

Best Financial Markets Analysis ArticleCourtesy of Doug Short. : The S&P 500 logged its fifth consecutive daily decline and seventh of the past eight sessions. The index closed the day with a moderate loss of 0.57%. What’s particularly interesting is a snapshot of the index showing the twin rallies of September — the first dating from September 6th after Mario Draghi unveiled the ECB plan to save the euro. The second, of course, was the announcement of QE3 on September 13th. The index peaked the following morning. We’ve since erased a bit over half the gains.


Here is a 5-minute snapshot of today’s slump.

This 60-minute chart of September to date shows the ECB and QE3 rallies and the erasure of gains so far.

The index is now up 13.97% for 2012. From a longer-term perspective, the S&P 500 is 111.9% above the March 2009 closing low and 8.4% below the nominal all-time high of October 2007.


For a better sense of how these declines figure into a larger historical context, here’s a long-term view of secular bull and bear markets in the S&P Composite since 1871.

- Phil

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www.philstockworld.com

Philip R. Davis is a founder of Phil's Stock World (www.philstockworld.com), a stock and options trading site that teaches the art of options trading to newcomers and devises advanced strategies for expert traders. Mr. Davis is a serial entrepreneur, having founded software company Accu-Title, a real estate title insurance software solution, and is also the President of the Delphi Consulting Corp., an M&A consulting firm that helps large and small companies obtain funding and close deals. He was also the founder of Accu-Search, a property data corporation that was sold to DataTrace in 2004 and Personality Plus, a precursor to eHarmony.com. Phil was a former editor of a UMass/Amherst humor magazine and it shows in his writing -- which is filled with colorful commentary along with very specific ideas on stock option purchases (Phil rarely holds actual stocks). Visit: Phil's Stock World (www.philstockworld.com)

© 2012 Copyright  PhilStockWorld - All Rights Reserved Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors.


© 2005-2019 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.


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