Regression to Trend: A Perspective on Long-Term Market Performance
Dec 03, 2012 Doug Short  Quick take: The S&P 500 index price is 44% above its long-term trend, down from 49% above trend last month. About the only certainty in the stock market is that, over the long haul, over performance turns into under performance and vice versa. Is there a pattern to this movement? Let's apply some simple regressio...
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