List of Biggest Two-Day Dow Advances: New Entry
In case you were thinking "Good, this has been a huge two-day advance in the Dow", you're right. It has been a huge two-day advance in the Dow index. Here is the top fifteen list of all-time two-day advances in the index, including today. Today is highlighted in dark yellow, and note that every entry above it, except one, came during the Great Depression.
Note that until the Dow lost 200 points in the closing minutes of trading, we were up more than 13% over the two days, which had us in the top ten. Nevertheless, the point stands.
1 comment:
It's all about volatility. I think once Obama gets into office there is going to be a change(yep pun implied) in the markets. Not that Obama is going to do anything special. There will just be greater confidence that something will be done other than just bailouts. I mean look at Bush, he has not done much to quell the fears, in fact I think he just fans the flames when he opens his mouth, and there has been little action other than a 700 billion dollar bailout that seems to be used then not used. Can you explain to me why Citigroup should get 20 billion and not Detroit? I mean I think neither should get the money but where do you draw the line?
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