Updating the Comparison of the SPX Rally off the August 2011 Weekly Closing Low vs. Other Major Rallies Through History

2012-09-13 · by · in Analogs, SPX, Volatility

The chart below compares the rally off the August 2011 weekly closing low in the SPX (black line) vs. the average rally off of some of history’s other major lows. The red line is the average rally off the 1962, 1974,…...

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Despite 175% Rally From August 2011, S&P Homebuilder Index Still Has ~20%-50% More Upside

Despite 175% Rally From August 2011, S&P Homebuilder Index Still Has ~20%-50% More Upside

2012-09-13 · by · in Analogs, Commodities, Historical Analysis, Homebuilders, Nat Gas

I’ll reiterate my very simple thesis on homebuilders which I’ve maintained for quite some time now: They remain noticeably under-valued relative to where other bubbles tend to trade ~350-400 weeks after their peak bubble prices. This was much more so…