1,154 stocks made new 52 week lows today. That is actually a much higher number than what happened in 2008-2009 and during that low, as well as others, the number of stocks making new 52 week lows has to be for othe most part dwindling before things start going up again. What do I know but I'm betting that even though the economy is better now than it was then (of course we don't know what we don't know) we still have a ways to go down and Sept is often a bad month.
|