Monday, September 13, 2010

S&P 500 Up 7.9% in 9 Sessions

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I remember writing a very similar headline a few months ago as the student body was running at almost exactly the same pace.  7.9% in 9 sessions annualizes over 250 market day to about 225%.  I assume at some point we'll have another down day in September... if one is not taking any chips off the table here they are being greedy.  The one thing that never ceases to amaze me is how quickly fear turns to greed and vice versa in the market... never gets old, even after all these years.

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We now have 2 distinct gaps to deal with in the chart, one from this morning at S&P 1110.9, and one created between Sept 2nd and 3rd at 1090.10.

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