10/28 Biggest DJIA up days (ob past history does not guarantee future reslts)
1. March 15, 1933 15.34%
2. Oct. 6, 1931 14.87%
3. Oct. 30, 1929 12.34%
4. Sept. 21, 1932 11.36%
5. Oct. 13, 2008 11.08% <--
6. Oct. 28, 2008 10.88% <--
7. Oct. 21, 1987 10.15%
8. Aug. 3, 1932 9.52%
9. Feb. 11, 1932 9.47%
10. Nov. 14, 1929 9.36%
11. Dec. 18, 1931 9.35%
\_ Interesting, where did you get this data? I'd like to find out
how much they declined (or even rise) the next day. My feeling
is that most of the activities will be profit taking.
\_ http://tinyurl.com/682ytf
\_ Also interesting is where they went the previous day. The
stock market recently looks like a rubber ball, bouncing up
after selloffs pass a certain threshold. Then it all gets
sold off again at the next excuse. It *seems* like at some
point it should start trending up again. A lot of cash was
pulled out of the market and is apparently itching to get
back in.
\_ that's funny. my impression is that there's a lot of money
still in the market waiting to get out at higher prices.
\_ Well, you can say that about all the money in the market,
ultimately.
ultimately. If these guys are waiting to get out then
they must implicitly think that current values are ok
and stocks will go up. If they have some better place
place to put their money then they should get out now
and put it there.
and put it there. So those signs point to current
valuations being at some approximate floor.
\_ they must be thinking, "I have so much money in the
market, I can't sell it all at once. Hope I can sell
it over time at decent prices before things really go
in the crapper." Not counting pension funds.
\_ That would imply they think the market will first
go up significantly, then go down even more
significantly. That's kind of an odd scenario.
\_ but it would be the best scenario for me if I were
stuck and wanted out at good prices
\_ an ideal scenario if I were in that position
\_ I am sure the market is going to up or down and
then move the other way and then turn around and
do something else for a while.
\_ No you idiot, it is going to do the exact
opposite.
\_ Note that 30s and 87 were really ROUGH financial times.
\_ and we have FDIC-backed deposits. '87 was a one-time affair. -op
\_ If you had invested on Day #1, you would have doubled your money
in three months and tripled it in a year.
\_ super
\_ If you had invested on Day #2, you would have been down
60% within nine months.
\_ :-( |