With today's move up, if we break to new highs we will be following the 2007 post rate cut trend.
The only difference is that Sep 18th, 2007 had a nearly 3% SPX gain on the 18th, and a nearly 7% gain at it's peak on October 11th. And it wasn't until October 5th that it made a new high. We made a new high on the 17th and finished down on the 18th. In 2007, the top was a little more than 1.3% above the previous high. The same move about previous high from July now would be 5746.
None of this means we are for sure going to follow 2007 or that any of those figures can be forecasted to present day. But the general trend is something to watch, as that's still the MOST applicable historical context we have to today's financial and market environment.
"H-A: In return for the flattery, can you reduce the size of your signature? It's the only part of your posts that don't add value. In its' place, just put "I'm an investing savant, and make no apologies for it", as oldarmy1 would do."
- I Bleed Maroon (distracted easily by signatures)