Unless S&P 500 39% in this last quarter, it will end up the entire decade on a losing stake. Thus S&P may well become the loser of the decade.
Indeed during the last two quarters S&P 500 has done remarkably well. It has gained 15 percent quarterly. Yet, It may not be enough.
The 39 percent that S&P 500 needs win the decade is enormous. Probably not possible. In fact the stock market has not seen a serious correction yet during the past two quarters. While a correction may be expected, what can it be to lift the Index 39 percent?
The S&P 500 (SPX 1,036, -20.77, -1.97%) shed 18.67 points, or 1.8%, to 1,038.18, the Dow Jones Industrial Average (INDU 9,570, -142.08, -1.46%) fell 142.69 points, or 1.5%, to 9,569.59, and the Nasdaq Composite (COMP 2,071, -51.76, -2.44%) declined 49.22 points, or 2.3%, to 2,073.20.
In the meanwhile the investors are nervous about correction.
Written by Armen Hareyan
HULIQ publisher
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