Friday, June 15, 2012

2Q12 ≈ 2Q10

There's been plenty written about how 2012 is looking a lot like 2011 and 2010, but just to drive the point home once more, below is a chart of the S&P 500 in 2Q for 2010 vs. 2012.  The pace of the decline in 2012 has tracked the decline in 2010 almost week for week.  If the pattern holds, we should see a late June pullback before an early July rally.

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