Saturday, June 11, 2011

S&P 500: The Sixth Consecutive Weekly Loss

Doug Short submits:

The S&P 500 fell 1.40% for the day and 2.24% for the week - the sixth consecutive week of decline. The correction is now 6.97% from the interim high of April 29. The index is 87.9% above the March 2009 closing low but 18.8% below the nominal all-time high of October 2007. Below are two charts of the index - with and without the 50


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