Bear Market in Total Issues
By
Rennie on Tuesday, August 31st, 2010 at 12:13 pm
Stumbled upon this chart of the S&P500 and total number of issues on the NYSE that pretty much speaks for itself. Interesting how it has often led the S&P at major turns. Note that it’s currently in the process of breaking its 2009 lows. Hard to see how this could be interpreted as anything but bearish.
Bear Market in Total Issues
By Rennie on Tuesday, August 31st, 2010 at 12:13 pmStumbled upon this chart of the S&P500 and total number of issues on the NYSE that pretty much speaks for itself. Interesting how it has often led the S&P at major turns. Note that it’s currently in the process of breaking its 2009 lows. Hard to see how this could be interpreted as anything but bearish.