March 17, 2010

The S&P 500 Index Tracker Rallies For The 13th Consecutive Trading Session. A New Record.

The SPDR S&P 500 ETF (Public, NYSE:SPY) rallied for the 13th consecutive trading session. That is a record:

"The S&P 500 tracking ETF (SPY) finished the day up 0.8% today, bringing its current streak of consecutive up days to 13. This is now SPY's longest winning streak since the ETF started trading back in 1993. Over this 13 day winning streak, SPY has rallied over 5%, bringing the ETF to new bull market highs. Looking back at the last two weeks of trading, it looks like those who argued that February's weak Consumer Confidence marked the end of the bull market and the beginning of a double dip may now have to go back to the drawing board." in Bespoke

The million dollar question is, when will this stock market madness end?

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