streched........? amazing that even after 8 month there is a 80% chance of another monthly gain. "the trend is your friend"...........
erstaunlich das selbst anch 8 monaten ununterbrochener indexgewinne eine 80% chance für den 9 monat besteht.
well-known Wall Street strategist recently put out a report on monthly winning streaks for the S&P 500 where he says that the S&P 500 is on pace for its eighth straight monthly gain in a row. The strategist goes on to say that there has not been a streak of nine straight months in the last twenty years.
We looked into this and found that while the S&P 500 has not had a string of nine straight monthly gains in the last twenty years, it has happened before. Since 1930, there have actually been nine periods of at least eight straight monthly gains, and in five of those periods the S&P 500 rose for a ninth month. The longest streak occurred from 1935 to 1936, when the S&P posted gains for 12 months in a row, while the most recent streak ended in June 1996.
The table lists each period of at least eight months along with the market's return during the ninth month. As the table details, even though 8 straight months may mean the market is "due" for a decline in the ninth month, most of the time the S&P 500 rises, with an average gain of 0.8%. ( amazing. the trend is your friend.......)