Reviewing Explosive October

November 30th, 2011
in contributors

rocket

by John Lounsbury

In this case we mean explosive is the very best sense, like a rocket shot for a space traveler.  October was one of the best months for stocks in years.  A few of the thirty markets we follow at Econintersect continued to rally in early November but most peaked either October 27 or 28.  With markets selling off significantly since those highs it is a good time to take an overview of just how big the rally was.  Tomorrow we plan to review just how much the selloff was that hit at least a temporary lull (or possibly a bottom) last week.  The data table is presented after the continuation break.

Follow up:

markets-bull-11-29-2011

Although not as many markets hit official primary bull market status, the results are pretty impressive, with 24 of the 30 markets making their move in less than a seven week period.  Twelve markets hit above the magic 20% gain marker and two more would hit 20% if rounded to the nearest digit.  Fourteen more markets had gains that exceeded 10%, but failed to reach the 20% marker.

The gains do not match either the breadth or the magnitude of the preceding decline which saw 25 of the thirty markets hit primary bear status (losses over 20%) and the remaining five all recording losses between 13% and 19%.  The preceding bear market, which bottomed for many of the indexes in late September and early October, was also much longer in duration, with 19 of the 30 indexes declining for more than six months.

Tomorrow we will review just how the November pullback has affected the thirty indexes.

Related Articles

Investing articles by John Lounsbury









Make a Comment

Econintersect wants your comments, data and opinion on the articles posted.  As the internet is a "war zone" of trolls, hackers and spammers - Econintersect must balance its defences against ease of commenting.  We have joined with Livefyre to manage our comment streams.

To comment, just click the "Sign In" button at the top-left corner of the comment box below. You can create a commenting account using your favorite social network such as Twitter, Facebook, Google+, LinkedIn or Open ID - or open a Livefyre account using your email address.

















 navigate econintersect.com

Blogs

Analysis Blog
News Blog
Investing Blog
Opinion Blog
Precious Metals Blog
Markets Blog
Video of the Day
Weather

Newspapers

Asia / Pacific
Europe
Middle East / Africa
Americas
USA Government
     

RSS Feeds / Social Media

Combined Econintersect Feed
Google+
Facebook
Twitter
Digg

Free Newsletter

Marketplace - Books & More

Economic Forecast

Content Contribution

Contact

About

  Top Economics Site

Investing.com Contributor TalkMarkets Contributor Finance Blogs Free PageRank Checker Active Search Results Google+

This Web Page by Steven Hansen ---- Copyright 2010 - 2017 Econintersect LLC - all rights reserved