Ten Minutes With Tate The Silent S&P500 Crash
Apparently, 84% of S&P 500 stocks are below their all-time high. Most have interpreted this as a silent crash unfolding in the index. This has been accompanied by the usual amount of wailing and gnashing of teeth.
Fortunately, those who simply looked at the headline number and made a pronouncement are WRONG.
Looking at the data puts this number into context and shows that it is not unusual, nor does it herald the end of the world.
