The S &P 500 hasn't closed below its 200-day moving average since the 2012 presidential election. ETF Securities U.S. research director Mike McGlone tells TheStreet's Joe Deaux that if that trend continues through 2014, it will be the third such longest rally since 1900 -- following the period's ending in 1929 and in 1946. McGlone says he thinks investors are looking at the rally as reason to start allocating parts of their portfolios to safety assets. Gold, McGlone says, would be a beneficiary if market investors do allocate from the stock market into other asset classes.

If you liked this article you might like

Market Is on the Straight and (Very) Narrow

Look Back to Go Forward

Stock Observations; Reviewing Equities: Doug Kass' Views

Even North Korea's Kim Jong Un Can't Stop This Epic S&P 500 Stock Rally

Robots Might Be Biggest Obstacle for Stock Market Bears