March 1, 2008
What has the market done after a big drop???
In looking at the past 20 years in the market, there have been 16 times that the Dow has dropped 4% or more in a single day. When these occurrences happened, the next market day the market was up 70% of the time. On these occasions the next day market gains were up as much as 5.88%. The average gain for all of the rebound days was a gain of 2.6 percent.
So, I'm rooting for 71%!!!!!!!!
Pete
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