Mar

20

We are now 15 days since the drop of 2/27, and SPY is about three percent below where it was 16 days ago. This is near the 2.9% below 5/11/06, which occurred 15 days after that decline started.

To compare these events I plotted change in SPY closing price for each series such that the declines are superimposed trading day for trading day:

Though the recent decline was much sharper initially, it rebounded more quickly before converging with last summer's drop. Hopefully there is little to conclude from the parallel beyond this.


Comments

Name

Email

Website

Speak your mind

Archives

Resources & Links

Search