October 22, 2012 Minute Gains Follow Large Losses

 

 

 

 

Values remained just about unchanged from Friday even though the DJIA, the NASDAQ and the S&P500 closed with gains – for the S&P500’s appreciation was just .04 percent! An occasion so rare that it beat only 87 of the other 1700 positive increases in this century. Similarly, the DJIA’s plus .02 percent exceeded just 37 positive smaller gains.

 

 

 

 

The NASDAQ, however, added .38 percent, not much of a change yet a result large enough to rank as the 464th biggest since January 2000.

 

 

 

 

On the following days, in the past, prices moved higher as often as they declined. Yet the average daily decrease during bear markets was far deeper than when prices were trending higher. Similarly, price increases during the bear phases exceeded the typical gain during the two bull markets of 2003/2007 and 2009 to date.

 

 

 

 

 

 

DJIA                                                                                             .02 percent

NASDAQ                                                                                    .38 percent

S&P500                                                                                      .04 percent

Leave a Reply

You must be logged in to post a comment.