Complete The Following Sequence…

Some have argued that the market is dead. They may be right, as the following sequence of S&P 500 closes from the past 5 days:

1472, 1472, 1471, 1472, 1473

…suggests that V-Fib has set in among the equity indices. Perhaps, as the movie Flatliners noted “Some Lines [like SPX 1470] Shouldn’t Be Crossed.”

And maybe this sums up the lifeless corpse even better:

Today, $SPY had the fewest NBBO price changes since Jan 3, 2011

— Eric Scott Hunsader (@nanexllc) January 17, 2013

 

Meanwhile the 10Y Treasury yield has slipped from 1.90% to 1.82% over the same period.

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