The Cyclical Index Closes in on 1,000
The Morgan Stanley Cyclical Index (^CYC) has rallied very strongly over the past two days. It’s closing in on 1,000. The CYC hasn’t closed above 1,000 since May 20, 2008.
To give you an idea of how strongly the cyclicals have rallied, the index was at 283.04 on March 9, 2009. It’s up more than 250% in just 21 months. If the Dow had kept pace, it would be at 23,000 today.
Posted by Eddy Elfenbein on December 3rd, 2010 at 12:11 pm
The information in this blog post represents my own opinions and does not contain a recommendation for any particular security or investment. I or my affiliates may hold positions or other interests in securities mentioned in the Blog, please see my Disclaimer page for my full disclaimer.
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Does anyone have a suit of armor, jet skis and a blowtorch I can borrow/rent? There's an experiment I'm working on.
This is pretty amazing. US elections combined since 1924:
GOP: 1,058,301,749
DEM: 1,057,846,951
Oth: 88,548,252Unemployment spikes in Washington, DC
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Eddy Elfenbein is a Washington, DC-based speaker, portfolio manager and editor of the blog Crossing Wall Street. His 