Search Ticker Sense
Search Investment Blog Network
« Dow vs DIAMONDs: Updated Figures | Main | Key Downgrades: QCOM, CSCO and NTRI »
We recently received a request to look into the length of time it has been since we had a one-day 2% decline on the S&P 500. It has now been 928 days since the S&P 500 had a one-day 2% decline. The last one was on May 19, 2003 when the Index fell 2.49% on the day. This is the longest streak of its kind for as far back as we can download daily prices. Not that we're superstitious, but knock on wood.
TrackBack URL for this entry:
http://www.typepad.com/t/trackback/572596/7646852
Listed below are links to weblogs that reference It Has Been 928 Days Since the S&P 500 Had a One-Day 2% Decline:
The Ticker Sense Blogger Sentiment Poll is a survey of the web's most prominent investment bloggers, asking "What is your outlook on the S&P 500 for the next 30 days?" Conducted on a weekly basis, the poll is sent to participants each Thursday, and the results are released on Ticker Sense each Monday. The goal of this poll is to gain a consensus view on the market from the top investment bloggers -- a community that continues to grow as a valued source of investment insight. © Copyright 2008 Ticker Sense Blogger Sentiment PollTicker Sense was founded and developed by analysts at Birinyi Associates. Birinyi Associates continues to own and manage all content.
Your chart for the S&P 500 (2% declines) is slightly misleading. To the unaided eye, each peak appears to be on a triangle, which would be wrong. One can see, by maintaining 90 degree angles, that the peaks are followed by instantaneous drops to zero. So, to plot values for a vertical line is wrong-there are NO values to plot. Unfortunately, almost all software "connects the dots." I believe that I had one application which allowed the choice to connect, or not connect.
Posted by: C. E. Miller, MIT Retired | January 27, 2007 at 07:51 PM
To the unaided eye, each peak appears to be on a triangle, which would be wrong.
Retired? Get some reading glasses. :-)
Posted by: | January 28, 2007 at 01:58 AM
What about 2% moves to upside?
Posted by: Jim Brophy | January 29, 2007 at 11:48 AM