Monday, August 24, 2015
Before Today: As of Friday Nearly 70% Of S&P 500 Stocks In Correction Or Bear Market Territory
Last week's market pullback did not spare too many equities from the draw down. As of the close on Friday, 30.3% (152 issues) of S&P 500 stocks are now down greater than 20% from their 52-week highs and another 39.0% (196 issues) are down between 10% and 20% from their 52-week highs. In total nearly 70% of stocks are in correction or bear market territory. Below is a table noting this breakdown.
Posted by Bud Fox at 2:53 PM