Aug

23

One notes 23 times when the S&P has been down 30 on a day and 100 big points on 7 day since 1998. Average more 3 days later 20 points, 12 points next day 6 of them occurred on a Friday. 2 days later market up 26 points. 5 of 6 up. Results similar for market down 100 points on 10 day basis. The current market is down 100 on 10 day basis and 110 on 7 day basis.

Russ Sears writes: 

Since the S&P index has not been down less than -4% for two days returns since Nov. 1, 2011 I looked at the historical S&P index. There have been 100 non-overlapping 2 days when the S&P was down less than -4% (LN return) counting this Friday. The next 2 days returns cumulative has been 58.4% or 0.59% average 62 of those 99 have been positive Max return 9.1% Min Return -28.2% (Oct. 87). 


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