USMarketView

August 10, 2011                   Deep Drop Continues Daily Roller Coaster

 

 

 

Today’s sharp decline wiped out all and more than yesterday’s rally. The DJIA, down  -4.62 percent posted its 26^th worst day ever. The S&P500 dropped  -4.42 percent on its 35^th deepest loss while the NASDAQ’s  -4.09 percent ranks in 74^th place.

 

Such magnitudes of change, occurring over a mere seven trading days, leave no significant basis for projecting tomorrow’s action. Even if a conjecture were attempted, the rarity of the record leaves such a prediction without any statistical significance.

 

Unfortunately so, says the pundit, and ‘where are you when needed most’ complains the investor.  

 

DJIA                 -4.62 percent

NASDAQ          -4.09 percent

S&P500            -4.42 percent

This entry was posted on Wednesday, August 10th, 2011 at 12 102011000000Wed, 10 Aug 2011 22:07:18 +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.