April 14, 2008
The indices stumbled again, making today the fifth losing close in the past six trading days.
This year, so far, has seen more negative than positive closes. The ratio of down to up days, is 36:32 for the S&P500, 37:31 for the DJIA, and 38:30 for the NASDAQ.
This is in stark contrast to last yearÂ’s first 68 trading days. The S&P500 closed down on only 30 days — six fewer negatives than this year. And the DJIA and NASDAQ comparisons show an even smaller number of losing days: just 27 — but these indices scored 41 positive days.
The losses between December 31, 2007 and today, amount to -14.2 percent for the NASDAQ, -9.5 percent for the S&P500 and -7.3 percent for the DJIA.
DJIA -.19 percent
NASDAQ -.63 percent
S&P500 -.34 percent