The trend of deteriorating breadth in the market began last year, when the average stock was falling while the S&P 500 hit new highs, entirely thanks to a few mega-stocks that appreciated a lot.Just a reminder.
By Wednesday’s close, among the S&P 500 stocks, 289 are down 20% or more from their respective 52-week highs; the average S&P 500 stock is down about 26% from its 52-week high, according to FactSet.
Thursday, February 11, 2016
Here are 5 signs we might already be in a bear market
Marketwatch reports 5 critical signals we are already in a bear market in stocks. Here's one big one: