Sorry!! The article you are trying to read is not available now.
Thank you very much;
you're only a step away from
downloading your reports.

Will October Be a Bear Killer?

By

Continued improvement could mean lows are in.

PrintPRINT


My first day back in the office after a visit to Geneva and Dublin coincided with the best day ever for European stock markets and the biggest points increase in the Dow Jones Industrial Average's history. A pattern has started developing that the good days occur when I am in the office, whereas the sharp sell-offs tend to happen when I am traveling. I will keep you posted on my travel plans in case you want to factor that into your trading models!

The table below shows yesterday's strong movements on a number of global stock markets.


Source: Plexus Asset Management (based on data from I-Net Bridge)

The sheer magnitude of yesterday's rally makes for interesting reading when put in historical context. Considering the entire history of the Dow Jones Industrial Average since 1986, yesterday's surge of 936 points ranks as the largest points increase ever (see top table).


What are the pro traders saying about your stocks?
Minyanville's Buzz & Banter- 14 day FREE Trial


Seven of the top 15 points increases have occurred in 2008 (one in October, three in September, one in April and two in March).
< Previous
No positions in stocks mentioned.
The information on this website solely reflects the analysis of or opinion about the performance of securities and financial markets by the writers whose articles appear on the site. The views expressed by the writers are not necessarily the views of Minyanville Media, Inc. or members of its management. Nothing contained on the website is intended to constitute a recommendation or advice addressed to an individual investor or category of investors to purchase, sell or hold any security, or to take any action with respect to the prospective movement of the securities markets or to solicit the purchase or sale of any security. Any investment decisions must be made by the reader either individually or in consultation with his or her investment professional. Minyanville writers and staff may trade or hold positions in securities that are discussed in articles appearing on the website. Writers of articles are required to disclose whether they have a position in any stock or fund discussed in an article, but are not permitted to disclose the size or direction of the position. Nothing on this website is intended to solicit business of any kind for a writer's business or fund. Minyanville management and staff as well as contributing writers will not respond to emails or other communications requesting investment advice.

Copyright 2011 Minyanville Media, Inc. All Rights Reserved.
PrintPRINT
 
Featured Videos

WHAT'S POPULAR IN THE VILLE