Today's 2.1% rally in the Dow marks the first 2% gain since April 2005 and the best day since October 2003. In the chart below we highlight all the 2% daily gains since the start of the bull market. While occurrences were a dime a dozen early on in the bull market, their frequency has waned considerably over time.
Any chance you can tell us what the S&P has done, historically, the day after such a big rise? Maybe after 1.8% or greater gains?
Eric
Posted by: Eric | July 13, 2007 at 07:13 AM
Eric,
Thanks for the comment. See the link below: http://bespokeinvest.typepad.com/bespoke/2007/07/comment-respons.html
Posted by: Justin | July 13, 2007 at 08:42 AM