Checking the relative performance of stocks, we can clearly see that the recent up move is based on short covering and value buying, beaten-down stocks showing better relative performance in the short term.
Since the last bull market top (5 November 2010) many stocks are still down 41 %, on an average, while they are up 90%, on an average, since the bear market bottom (20 December 2011)
Since the last bull market top (5 November 2010) many stocks are still down 41 %, on an average, while they are up 90%, on an average, since the bear market bottom (20 December 2011)
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