An All Time High for the S&P 500?, from Kim Zussman
Yesterday was almost an all time (close) high for the S&P 500. Will it actually happen today?
The last high was 3/27/00, about two above yesterday's close, and 1797 trading days ago. How does this compare with other wait times between new highs in the S&P 500 since January 1959 (prior all-time high considered that of February 1950)?
It turns out that the current wait is the second longest of the series; 100 shorter than the 1897-day wait which was broken on 7/17/80, but far longer than the third place wait of 819 days which ended on 3/16/72.
Here is stem-leaf of waits:
Stem-and-leaf of gap N = 776
Leaf Unit = 10
(2nd column is hundreds, 3rd column is 10s)
The arrowed row will be the end of the current wait, should that occur tomorrow or Wednesday.
(747)000000000000000000000000000000000000000000000000+
29 0 55555667778889
15 1 13344
10 1 5
9 2
9 2 5
8 3 02
6 3 7
5 4 3
4 4 88
2 5
2 5
2 6
2 6
2 7
2 7
2 8 1
1 8
1 9
1 9
1 10
1 10
1 11
1 11
1 12
1 12
1 13
1 13
1 14
1 14
1 15
1 15
1 16
1 16
1 17
1 17 (9)<<<<<
1 18
1 18 9