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:
Should You Pick Eli Lilly Stock After A 4x Rise In Three Years?
-
This can primarily be attributed to a significant 236% rise in the
company’s P/S ratio to 21x now, versus 6x in 2020.
10 minutes ago