Tuesday, March 10, 2009

S&P 500 5% Days

From Bespoke Investment Group:
...Before getting too far ahead of ourselves though, we would note that today's gain is the eighth one-day rally of 5% or more since the S&P 500 peaked in October 2007, and we're lower now than we were at the close of any of those seven other days.

S&P 500 5% One Day Rallies

I'll go with Faber on the timeline, at least three, maybe six weeks before we see a change in direction, i.e. more than a one day move.