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Daily Archives: November 27, 2009

Franklin Resources: My Favorite Bull Market Stock

November 27, 2009
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Franklin Resources: My Favorite Bull Market Stock

Here are the most impressive stock market-related numbers I know of:  8, 6, 5, 2, 1, 6, 2, 8, 3 and 1.  What are they?  Those are the number of stocks on the NYSE hitting new 52-week lows during the past couple of weeks.  In our very long history of data (going back into the 1960s), our studies show that when the number of new lows is this small, the market has basically zero chance of entering a prolonged decline. In other words, this remains a bull market.  And while I’m seeing fewer stocks that really jump off the...

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