Wednesday, June 01, 2011 10:41:40 PM
Worst Day for Dow and S&P Since August 2010
#msg-63793728 a SHORT List - 110601
#msg-63730513 Market Watch
Both the Dow and the S&P 500 kicked off the month of June with their worst-performing day since August 11, 2010. It's an ominous start to a month that has historically been difficult for the markets.
Prior to today, since 1929, the Dow [.DJI 12290.14 -279.65 (-2.22%) ] has fallen more than 1.5 percent on the first day of the month 49 times.
When that happened, it has ended the month in negative territory two-thirds of the time.
Furthermore, the Dow has often not recovered from its first-day losses. On occasions when the Dow was initially down more than 1.5 percent on the first day of the month, just over half the time it finished the month with an even bigger decline.
In each of the last three times the Dow ended the first day of the month down more than 1.5 percent (March 2009, September 2009, and October 2009), it has found a way to muster up a gain by the end of that month.
http://www.cnbc.com/id/43241251
#msg-63793728 a SHORT List - 110601
#msg-63730513 Market Watch
Both the Dow and the S&P 500 kicked off the month of June with their worst-performing day since August 11, 2010. It's an ominous start to a month that has historically been difficult for the markets.
Prior to today, since 1929, the Dow [.DJI 12290.14 -279.65 (-2.22%) ] has fallen more than 1.5 percent on the first day of the month 49 times.
When that happened, it has ended the month in negative territory two-thirds of the time.
Furthermore, the Dow has often not recovered from its first-day losses. On occasions when the Dow was initially down more than 1.5 percent on the first day of the month, just over half the time it finished the month with an even bigger decline.
In each of the last three times the Dow ended the first day of the month down more than 1.5 percent (March 2009, September 2009, and October 2009), it has found a way to muster up a gain by the end of that month.
http://www.cnbc.com/id/43241251
My post is for my entertainment, do your own DD before pushing your
buy/sell buttons
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