It was the fifth straight negative day for the DJIA. Only 41 other closes since 1996 have such a losing string. The diagram locates these days; it shows these quite evenly distributed over bull and bear markets. Though the frequency percentage is twice as great in declining markets, the numbers are minuscule. They run from .57 percent in the 1996/2000 expansion to 1.69 percent during the 2007/2009 decline.
Looking at Monday’s market, expect the DJIA to recover; in the past, the DJIA moved higher on 25 days and declined 17 times.
DJIA -.27 percent
NASDAQ -.35 percent
S&P500 -.28 percent
