Dow, Retracing Historic WWII Pattern, Destined for Rocky May
By CCN: The Dow’s bull run is one for the history books, but it could all come crashing down next month. Stocks have only generated the types of returns that they’ve delivered year-to-date a handful of times since the Second World War, as CFRA’s Chief Investment Strategist Sam Stovall points out on CNBC. By 1942, the Dow was trading at less than 100 and stocks were in bull-mode in anticipation of victory. If history’s any teacher, there’s still more runway for gains throughout April. “Right now, we are on target to be the fifth best year-to-date through April performance since
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