Thursday, February 4, 2010

DJIA SMOKED today. Yikes, but it augers well for tomorrow

Despite Cisco's fantastic earnings last night, the DJIA fell 268points today.

But let's look at the bright side.

Over the past year, each time the DJIA suffered a percentage decline of this magnitude, the market was positive the next day 87.5% of the time.

The average percent gain after such declines was .91%, so hopefully tomorrow will be a better day!

Copyright 2010 AlphaNinja

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