Chart of the Day - Time Taken to Reach Prior Highs

The chart of the day is courtesy Mark Hulbert via Marketwatch.com and shows the time taken for the Dow Jones Industrial Average to reach prior highs since the early 1900's. The current market has spent more than a year in trying to reach its prior high and has taken over 410 days to reach recent new highs, eclipsing the 379 days it took in the bull market correction of the 1990's making further new highs more and more elusive:

Interesting Market News and Views from Global Financial Markets-15

1) Dudley's Dovish Declaration Develops into a Deluge of Dollar Disposal

From www.fxstreet.com - Today, 10:05 PM

It’s been a disastrous day for the world’s reserve currency: the US Dollar Index is trading down by over 1.5% to a new 3-month low near 97.00 and the greenback is falling against every one of her major rivals.

2) Budget to Decide Market Direction: Ramesh Damani - NDTV

From profit.ndtv.com - Today, 10:03 PM

Ramesh Damani, member of the Bombay Stock Exchange (BSE), expects the upcoming union budget to decide the fate of stock markets in the medium term.

3) Wednesday Report... Inflection Points Galore | Rambus Chartology | Safehaven.com

From safehaven.com - Today, 10:02 PM

There is alot of action going on this week in all the different areas of the markets. The PM complex has been rallying, the US dollar tanking today and the stock markets trying to make up their mind which way they want to go ...

4) (DJI), SPDR Dow Jones Industrial Average ETF (ETF:DIA) - The Dow Just Did Something It's Only Done 17 Times In 70 Years

From www.benzinga.com - February 3, 8:52 PM

The Dow Jones Industrial Average just alternated 1% moves up and down for 4 days in a row – just the 17th such stretch in the last 70 years. The stock ...

5) The Next Generational Bust Is Coming, Stock Market 70% Collapse :: The Market Oracle :: Financial Markets Analysis & Forecasting Free Website

From www.marketoracle.co.uk - February 3, 8:51 PM

The Next Generational Bust Is Coming, Stock Market 70% Collapse :: The Market Oracle :: Financial Markets Analysis & Forecasting Free Website

6) Short term rally over, not ruling out a 1000 point decline in Nifty | Aditya Trading Solutions | ATS Research | Equity Indices | Nifty | Indian Stock Markets - Aditya Trading Solutions : IndiaNotes...

From www.indianotes.com - February 3, 7:29 PM

On 01 Feb'16, market made a high of 7600.45 & on the consecutive days, we have been seeing continuous weakness.