by Calculated Risk on 4/02/2009 04:00:00 PM
Thursday, April 02, 2009
Markets: Another Day at the Casino
These swings are wild ...
DOW just below 8,000, up 2.8%
S&P 500 up 2.9%
NASDAQ up 3.3%
Click on graph for larger image in new window.
This graph is from Doug Short of dshort.com (financial planner): "Four Bad Bears".
This is the 2nd worst S&P 500 / DOW bear market in the U.S. in 100 years.
Note that the Great Depression crash is based on the DOW; the three others are for the S&P 500.