Prices fell again, but the DJIA and the S&P500 gave up only about half of yesterdays declines; the NASDAQs retreat was slightly deeper, but its loss was just 71 percent of the day before. The frequency of two losses in a row occurs about as often when prices are falling as when they are rising. This is unlike yesterdays result, where losses were more frequent during good times than bad times.
Further the magnitude of these losses is about twice as large during the two declines of 2000/2003 and 2007/2009 than during the expansions of 2003/2007 and since the last low point of March 2009.
In the past, prices on the following day increased more often than they declined, by a ratio of 93 increases to 78 declines.
DJIA -.39 percent
NASDAQ -1.09 percent
S&P500 - .67 percent