By Edmund Conway Economics Editor
Last Updated: 10:35PM GMT 06 Mar 2009
http://www.telegraph.co.uk/finance/...nk-of-England-prints-money.html
Below we highlight the percentage of stocks trading above their 50-day moving averages in the S&P 500 and its ten sectors. As shown, 5% of stocks in the S&P 500 are still trading above their 50-days, so we still have further to go before we get to zero. Three sectors -- financials, industrials, and utilities -- have zero stocks trading above their 50-days. Technology has the highest percentage of stocks above their 50-days at just 12%!
http://bespokeinvest.typepad.com/bespoke/2009/03/percentage-of-stocks-above-50day-moving-averages.html
after the Government agreed to underwrite £260bn in risky assets.
|