Buzz & Banter
Below is the most recent sector bell curve Todd mentioned in Random Thoughts. And below that bell curve is the curve from one year ago. The longer-term rally actually began in October of 2002, though the more broad-based gains did not begin to materialize until April of this year.
Before long we should begin hearing from financial talking heads why this market weakness, with a sprinkle of seasonality thrown in, is similar to September 2002. Obviously, as the bell curve from September 25, 2002 shows, it is not.
Sector Bell Curve, average sector bullish percent reading, as of Sep. 25, 2003
Sector Bell Curve, average sector bullish percent reading, as of Sep. 25, 2002.
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