March 27, 2008
A decline steeper than yesterday was the result for all three indices on Thursday. The NASDAQ suffered the deepest cut, marked down some -1.87 percent. This was its second successive down day, after moving ahead for three straight sessions, starting exactly one week ago.
The NASDAQ replicated this pattern 39 earlier times, since January 2000. But its median hit of -.90 percent is only half as deep as todays change. Moreover, in just 11 trading days, out of the 39, did it decline further.
The S&P500s history is similar: a median drop of -.66 percent, with five closes sharper than todays - 1.15 percent.
The DJIA lost -.97 percent, posting its third loss in as many sessions, having just two up days over the five trading days. Its median loss is -.63 percent, over the 30 trading days with this pattern, with 11 days experiencing losses sharper than todays.
DJIA -.97 percent
NASDAQ -1.87 percent
S&P500 -1.15 percent