4/17/09

Is the market too high?


The above chart shows the percent of stocks above their 50-day moving average (click on chart to enlarge). Almost 89% of the stocks are above their 50-day moving average. This is a very high percent and may indicate the market is overextended.

To find out more about my in depth view of the markets and my strategy just visit our website https://www.peterdag.com/. You can review The Peter Dag Portfolio, free of charge of course. You can also call me at 1-800-833-2782 to discuss your specific money management needs.

I will be happy to speak to your investment group on how the business cycle impacts investment strategies and the choice of asset classes.

George Dagnino, PhD
Editor, since 1977

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