If history is a guide, this thing could run a while yet.
10 of the past 11 years, we've had a substantial rally, starting somewhere between early Sept and mid Oct.
In 1999, 1998 and 1992 the rally ran until the end of the year, or beyond. In 1997, it ran about 6 weeks, then collapsed. In 1996, it ran about 3 months; in 1995 and 1993, about 1 month; in 1994, it ran a bit less than a month.
So far this time, we've run for 3 weeks, which makes this the shortest October rally of the most recent 10.
regards,
phill
Thanks Phill. We've also NEVER had an UP November in the history of the stock market after an October that went up as much as October 2002. There may be more up coming but I believe if there is not a significant pullback along the way, the higher it goes the higher it will fall just like last year when we fell to new lows after the run.