June 11, 2012 Decline Follows Run-up
Finally Back! After Many Computer Glitches
Today’s pattern of decline after many increases is too rare to allow statistical insights of where the market has been and how future prices will develop. So our blog marks time for one more day before publishing comparisons of current market action with their history.
However, consider today’s closes: the DJIA fell -1.14 percent, the NASDAQ lost -1.70 percent while the S&P500 slid -1.26 percent. These averages declined this much on a single day only 625 times in the more than 3,100 trading days since the beginning of 2000.
We are glad that our computer problem has been resolved. It seems that our three computers suffereed the same infection, that it lasted for more than ten days, and that only a coincidental keyboard stroke resolved the issue instantaneously.