April 14, 2011 Market Remains Stable
Prices did not change very much today, as the DJIA rose .12 percent, the S&P500 closed up .01 percent,
while the NASDAQ lost .05 percent. In fact, these three indices have not advanced nor declined very
much since the first of the month. On balance, the S&P500 and the NASDAQ have lost -.008 percent,
and the DJIA is down -.003 percent. Moreover, this is a rare profile: fewer than five closes this small
are on record since the beginning of 2000.
Given this history, unfortunately, not much can be said about where prices will close tomorrow.
Indeed, the data of the past reveal an equal number of declines and gains on the following day.
DJIA .12 percent
NASDAQ -.05 percent
S&P 500 .01percent