USMarketView

December 9, 2008

 

Today’s reaction to the substantial gains of the past two market days was sizeable.  Price changes in both directions continue to be large relative to the past.

 

Consider the median daily percentage change in each of the three indices since November 3, and compare it to the median change for the same 26-day period between 2000 and 2007. 

 

                                Median Daily Change November- December

 

                                                2000-2007                 2008

                                 DJIA           .067                      -.076

                                 NASDAQ   .081                       .186

                                 S&P500      .056                      -.206

 

It is considerably greater this year; indeed the S&P500’s median daily percentage change this year is almost four times the size of the past eight years.

 

Even if the entire trading year, until today, is considered, the same conclusion applies for the DJIA and the S&P500.  The year 2008’s median is quite larger; except for the NASDAQ, however, which has a smaller median daily rate of change this year than in the previous eight.

 

                                                                             

 

 

DJIA             -2.72  percent

NASDAQ     -1.55  percent

S&P500        -2.31  percent

This entry was posted on Tuesday, December 9th, 2008 at 12 062008000000Tue, 09 Dec 2008 18:39:56 +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.