What Happened The Last 4 Times Stocks Rallied For 23 Quarters?

Does this look sustainable to you? Of course, it's different this time, right?

Does this look sustainable to you? Of course, it's different this time, right?

The S&P 500 is in the 23rd quarter of its recovery - and shows a 196% gain.... the last four moves of similar magnitude ended very badly.

 

 

H/t Geoffrey Batt

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