USMarketView

The -2.65 percent drop of the DJIA, its fifth loss in as many trading days, was joined by the NASDAQ’s equal decline of -2.65 percent, while the S&P500 lost -2.56 percent.

Since 1950, the DJIA has registered five such consecutive negative closes on 221 trading days, with 19 of these coming after January 2000. Yet today’s -2.65 percent decline is far greater than the median -.92 percent loss on those 19 days.

As for Monday, the DJIA experience on the-day-after-five-straight-losses since 2000 is 39 declines on the next trading day, with a median loss of minus -.86 percent. On the positive side, this index increased on 119 trading days, gaining a median change of .58 percent.

This entry was posted on Saturday, October 20th, 2007 at 12 032007000000Sat, 20 Oct 2007 03:19:18 +0000 and is filed under Market Report. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.