One final note on our prior discussions of 300 point rallies:
The first firm to make note of this (as far as I can tell) was a study by Lowry’s Reports. They discovered that during the 2000-2003 bear market, there were sixteen three hundred-point up days in the DJIA. Despite these big surges, the market continued to make lower lows.
By contrast, this volatility was not present during the bull run from march 2003- October 2007. There were no three hundred-point up days during that entire period.
Bear market rallies tend to be much sharper than bull market advances. Volatility is higher, shorts have profits to protect, and bottom calls are rampant.
There you have it: The past bull market: None; the past bear market: 16.
300 Point Dow Gains? During Bear Markets ONLY
300 Point Rally follow up