5% Up Month

The "Big Picture" pointed out yesterday we are on track to have a 5% up month in stocks.

"We have not had a 5%+ up month on the S&P since December 2003 — a streak of abut 62 months. With a week left in March, and the SPX up +9%, we could end that cold streak.
The last such month was December ’03. (Peter Boockvar notes we got close in April ’08 when SPX was up 4.75%). The key question is, does this have any correlation to market bottoms?"

Link: http://www.ritholtz.com/blog/2009/03/first-5-plus-month-in-5-years/

*Long ETF's related to the S*P 500.