Wild Days

Floyd Norris notes that we have just had “two consecutive trading days when the Standard & Poor’s 500-stock index rose more than 6 percent each day — the first time that happened since 1933. They followed the first two consecutive 6 percent declines since 1933.”

Norris notes that after four days, the S.& P. is down 0.9%. “We may not be accomplishing much, but it sure is a lot of fun.”

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Source:
Wild Days
Floyd Norris
November 24, 2008, 5:17 PM
http://norris.blogs.nytimes.com/2008/11/24/wild-days/

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