For some US stock analysts, yours truly among them, the start of the 1980’s Bull Market is a fitting historical precedent these days rather than the Great Depression era of the 30’s.
When comparing the the S&P 500’s chart in the advance since March 9, when it fell to its lowest level in 12 yrs, the recovery from a two year low set on Aug. 12, 1982 look very similar.
The S&P 500 rose 15% for all of 1982 and moved higher every year for the rest of the decade.
“Investor sentiment today is very similar to what I saw 27 yrs ago. ” said popular market observer, Paul A. Ebeling, Jr. AKA the Red Roadmaster of www.stockpreacher.com , I do not doubt economy’s ability to recover as real consumer and business confidence, retail sales, exports and other indicators point to a rebound, not depression, Ebeling said. The S&P 500 reached its August 1982 low during the second US recession in three years.
Technology is the only one of the S&P 500’s 10 broadest industry groups that has kept pace with its average move in nine other Bull Markets since 1962. Tech is the leader.
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