GuruFocus Premium Membership

Professional Value Investing Tools at Affordable Prices

Try It 100% for 7 Days!

Dr. Paul Price
Dr. Paul Price
Articles (471)  | Author's Website |

The Chart Is Worse than the Bite

September 26, 2013 | About:

I SPY a 5-Day Losing Streak.

Media spokesmen love to spout statistics. They were quick to let traders know that the market experienced its first five-day losing streak of 2013.

The short-term chart of the SPY (S&P 500 ETF) makes things appear pretty drastic. Not shown was the fact that it went ex-dividend for $0.838 per share on Sept. 20.

The nominal loss drops to just (-1.84%) in total return on an adjusted basis. That is equivalent to a $10 stock going down about 18 cents over a full week of trading.


See more Value Investing commentary here

About the author:

Dr. Paul Price

Visit Dr. Paul Price's Website

Rating: 5.0/5 (5 votes)



Please leave your comment:

Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)