About That Six-Week Losing Streak….

The financial media has seized on the fact that the stock market has dropped for six weeks in a row. This has only happened a handful of times.

While this fact is correct, let’s take a step back and look at how small some of those losses have been:

Friday S&P 500 Weekly Gain
29-Apr-11 1363.61 1.96%
6-May-11 1340.20 -1.72%
13-May-11 1337.77 -0.18%
20-May-11 1333.27 -0.34%
27-May-11 1331.10 -0.16%
3-Jun-11 1300.16 -2.32%
10-Jun-11 1270.98 -2.24%

Of course if we have more days like today, the streak will by done this week.

Posted by on June 14th, 2011 at 11:17 am


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