The S&P 500 is now trading at 20% over its 200 day moving average, which generally is a harbinger of bearish sentiment in the upcoming days.
The table, constructed by Small Fish, Big Odds, depicts what happens 1, 2, 5, and 10 days after this point in the past. The averages [not shown] are -0.26% after 1 day, -0.16% after 2, -0.79% after 5, and -1.41% after 10. Today, as I write this, we are well on our way toward shaving off that 1.5%.
Friday, October 16, 2009
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