Published by Avondale Asset Management on 1/18/2013.
Circling back on a slightly ridiculous market indicator that we had been tracking here: not only was the Mayan Apocalypse averted back in December, but so was the Mayan Apocalypse Cross (which we dubbed a cross over of the 50/200 month moving average). Thanks to the rally that we've had since November the apocalypse cross never happened. The 50 month moving average has only crossed below the 200 month twice in the last 100 years, once at the end of the 70s bear market and once in the middle of the depression.
Speaking of moving averages, the 50 and 200 day moving averages have recently crossed for 10 year interest rates.
Circling back on a slightly ridiculous market indicator that we had been tracking here: not only was the Mayan Apocalypse averted back in December, but so was the Mayan Apocalypse Cross (which we dubbed a cross over of the 50/200 month moving average). Thanks to the rally that we've had since November the apocalypse cross never happened. The 50 month moving average has only crossed below the 200 month twice in the last 100 years, once at the end of the 70s bear market and once in the middle of the depression.
Speaking of moving averages, the 50 and 200 day moving averages have recently crossed for 10 year interest rates.
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