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Forget a 10% correction, which many bears say is long overdue. It has been 121 trading days since the S&P 500 has had a 2% correction.
James Bianco of Bianco Research points this out in his "daily news clips" report Thursday, adding that there are no cartoons to highlight because there isn't enough bad news to poke fun at. The dearth of cartoons, plus the longest stock market stretch without a 2% correction since 1995, could be reason enough to get investors nervous about the stock market's five-month rally.
A bit of a pullback might be a good thing, as the market seems jerky and eager to buy or sell on the slightest hint of a trend. ...
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| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
|---|---|---|---|---|
| 10,464.40 | 1,110.63 | 2,176.05 | 32.79 |
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