Secular Stock Bear Chart Porn
Friday was yet another big day of declining versus advancing shares and the volume in particular was heavily skewed towards declining stocks. It was an historical ratio day in terms of the relative volume in declining/falling stocks ($NYDNV) to the volume in advancing/rising stocks ($NYUPV). Using all the historical data I currently have access to, you can see just how unusual Friday was by this metric (following is a daily ratio chart of $NYDNV:$NYUPV from 1992 thru Friday's close):
By a ratio of the number of declining shares ($NYDEC) to advancing shares ($NYADV), which ignores volume, it was a more "ho hum" 9.5:1 day of declining to advancing stocks. This is an historically unusual lopsided day that feels much more "normal" in the context of the current cyclical stock bear market, though such a lopsided day is anything but normal. Following is a daily $NYDEC:$NYADV ratio chart since 1991, which is as far back as my data goes:
Hope you enjoyed your secular stock bear market chart porn...