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Today’s market combines a rather modest NASDAQ loss of -.88 percent with a substantial, -1.82 percent DJIA decline, a result seen just 13 other times in this century’s 3,000+ closes. The good news is that surging prices almost always followed these deep losses. Indeed two signaled the 2003/2007 bull market. Another two became early forerunners of the 2009 recovery, while the four happenings in the 27 trading days between October and November of last year presaged the significant climb that lasted to last July.

 

 

 

 

But the ride was not smooth. While the NASDAQ advanced 11.4 percent between the highs of last October and June 21, 2012, it first dropped 8.1 percent in the 27 trading days from October 18 to November 25, 2011.

 

 

 

 

One final note: today’s S&P500 still stands 6.6 percent above this June’s top, while the DJIA remains 4.2 percent higher and the NASDAQ is up 2.3 percent despite the many recent losses.

 

 

 

DJIA                                                                                                    -1.82 percent

NASDAQ                                                                                            - .88 percent

S&P500                                                                                              -1.44 percent

 

 

 

 

 

 

 

 

 

 

 

 

This entry was posted on Wednesday, October 24th, 2012 at 12 072012000000Wed, 24 Oct 2012 07:23:22 +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.