May 24, 2012 issue of Financial Times says ‘Death of Equities?’. It says no one wants stocks.
The last time a major publication came out with a similar headline was Business Week on August 13, 1979. This is how Dow Jones Industrial Averages performed since then:
Today, May 18th, Dow made a down day, which was the 13th down day in the previous three weeks or 15 days. Since 1970 Dow has had such a losing streak only 24 times (excluding the current one). Out of these, 11 times Dow had a positive day next day and 14 times it went [...]
On May 9th Dow extended its losing streak to six days. History says that the probability of a bounce now is quite high – 79%.
Since 1970, Dow has seen a losing streak of six days 58 times (excluding current streak). Of these, 43 times the streak went beyond six days.
However, when Dow was [...]