Chris Perruna has an interesting column that I would like to refer you to. He quotes two people:
- I am going to repeat the quote that I wrote last Monday in the post titled General Market Update; from a fund manger from Oppenheimer Capital named Eugene D. Brody:
Here’s another quote from Victor Sperandeo (I highly recommend his book):
“…the median extent for an intermediate swing in the DOW during a bull market is 20 percent. This doesn’t mean that when the market is up 20 percent, it’s going to top; sometimes it will top earlier, sometimes later. However, what it does mean is that when the market is up more than 20 percent, the odds for further appreciation begin to decline significantly.”
“Thus, if the market has been up more than 20 percent and you begin to see other evidence of a possible top, it’s important to pay close attention to that information.”
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