Oct

10

Seven down days in a row in DJIA total about -21%. Looking for past cases with exactly seven in-a-row down (ie, UDDDDDDD) 1928-present, the current run appears to be lowest. Here are UDDDDDDD down more than -7%:

Date            UD7          next 10d
10/09/08    -0.209    ?
04/08/32    -0.185    -0.064
09/20/01    -0.165     0.082
10/18/37    -0.146     0.081
05/19/31    -0.101    -0.124
09/30/74    -0.098     0.108
07/16/02    -0.097     0.024
04/02/31    -0.087    -0.057
08/16/74    -0.083    -0.072
05/27/38    -0.077     0.036
10/16/79    -0.076    -0.007
11/06/73    -0.075    -0.075
06/26/62    -0.073     0.099
03/26/29    -0.073     0.014

Stats (not shown — don't matter) for next 10 days are only significant for huge variance.

Q: Doesn't govenment takeover of financial firms worsen stocks, since it either dilutes or destroys shareholder equity? Is the tongue-in-cheek talk about socialism "be careful what you joke about or…"?


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