Here's A 'Since 2008' Stock Market Stat That Bulls … – Business Insider
Jan. 6, 2015, 3:15 PM
6,714
See Also
5 Ways A Low Oil Price Affects The Global Political Landscape
BILL GROSS: ‘The Good Times Are Over’
It’s Like We’re In The Panic Phase Of A Financial Crisis
Tuesday was another ugly day on Wall Street.
And we almost had another “since 2008” stat that stock bulls weren’t going to like.
Earlier on Tuesday, the S&P 500 was on pace to lose more than 3% over the first three days of the year, which according to the folks at Bespoke Investment Group would be only the third time ever.
The other two years? 2000 and 2008, the years of the last two massive stock market crashes.
In an afternoon email, the NYSE’s Rich Barry noted that with the S&P’s losses at more than 3.2% as of 1:30 pm, the benchmark index was on pace for its worst three-day start to a year ever.
Barry, as ardent a bull as we know of, noted that since 2000, the S&P 500 has fallen during the month of January eight times, though stocks managed to finish the year higher five out of the last six of those instances, including in 2014.
And by the close, this crisis had been averted.
Last week, we highlighted another “since 2008” factoid from Jonathan Krinsky at MKM Partners, who noted that while 2014-15 marked the first time since 2007-08 that stocks ended one year with a down day and started the next year with another losing session, that has happened 10 times since 1980 and come ahead of winning years 7 of those times.
From:
Here's A 'Since 2008' Stock Market Stat That Bulls … – Business Insider
