Jul

28

K ZussmanUsing DJIA historical weekly closes since 1930, I checked for dates when weekly closes were a new 500 week high (i.e., approx. 10 years). Plotting these vs date shows two periods when 500W highs clustered (50-65 and 82-99), and two gaps in which 500W highs rarely (or never) occur (65-82, 99-06).

This is all retrospective but it is possibly supportive of the theory that bull and bear market durations are comparable to investment-lifespan (eg. memory of living investors).


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