The S&P 500 is very close to doubling from the March 2009 low. The intra-day low from March 6, 2009 was 666.79. To double that, we need to hit 1,333.58. We’ve been as high as 1,331.64 today.
The S&P 500 continues to hold above its 50-day moving average. We’ve been above it every day since September 2, 2010. This is the 11th longest streak since 1932.
Posted by Eddy on February 14th, 2011 at 1:20 pm
Named by CNN/Money as the best buy-and-hold blogger, Eddy Elfenbein is the editor of Crossing Wall Street. His free Buy List has beaten the S&P 500 for the last four years in a row. (more)
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This material is provided for informational purposes only, as of the date hereof, and is subject to change without notice. This material may not be suitable for all investors and is not intended to be an offer, or the solicitation of any offer, to buy or sell any securities.© Copyright 2011 Crossing Wall Street. All Rights Reserved. Blog Design by Genevate
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