Reply #76: The magic number for the S&P 500 is -2% [View All]

[Roland99]

http://blogs.marketwatch.com/thetell/2011/11/01/the-magic-number-for-the-sp-500-is-2/

The early 2.7% slide in the S&P 500 would qualify for the third worst after Nov. 4, 1929, and Nov. 1, 1932.

The S&P 500 has fallen more than 2% on the first trading day of November four times.

On each of those occasions it’s gone on to fall for the rest of the month.

However in Novembers when the first-day slide has been less than 2% but greater than 1%, the index has gone on to end the month higher.