$SPX on "one of the five longest streaks of all time"

Commentary from last week's Option Strategist Newsletter was cited in Michael Santoli's The Market's Pullback Watch article featured in this past weekend's Barron's.  See below:

When the stock market is drifting upward to a new bull-market high and appears to be ripening for some kind of stall phase or dip, and so many people detect this ripeness for a pullback that they are waiting for a chance to buy lower (but not too much lower), does the market ever oblige the group that awaits the pullback?

Sometimes it does, actually, but often not in a timely way, that satisfies the cautious investor.

Last spring, in fact, when the Standard & Poor's 500 was last in its current zone above 1360, it wasn't all that hard to find folks calling for a "correction." As now, a lot of these wary words then were of the old cowboy-movie premonition, as one market commentator put it: "It's quiet out there—too quiet."

How quiet? McMillan Analysis points out that the index as of Thursday had gone 44 trading days without even slipping to its 20-day average level, "one of the five longest streaks of all time."

Read the entire "The Market's Pullback Watch" article