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July 29, 2011                    A Pattern Never Seen Before

 

 

 

 

There’s nothing odd about all three indices falling; there have been about 3,200 of these in the 15,493 sessions since 1950.  But today’s pattern- the S&P500’s fifth straight loss, the sixth successive fall of the DJIA, and the   NASDAQ down after yesterday’s increase-  is a first.

 

 Is it just a coincidence that an oddity strikes the financial markets simultaneously with the first ever lengthy budget standstill between the president and Congress?

 

Perhaps yes, but financial markets do reflect the realities of the day. Given Washington’s ongoing stalemate, the safe course of action is to stand aside. Not to project market changes until the political course comes to resolution.

 

DJIA            -.79   percent

NASDAQ    -.36   percent

S&P500       -.65   percent

This entry was posted on Sunday, July 31st, 2011 at 12 022011000000Sun, 31 Jul 2011 14:44:30 +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.