stox surge factoid

Michael Pollak mpollak at panix.com
Wed Oct 16 18:29:38 PDT 2002


Wednesday, October 16, 2002 Wall Street Journal

Dow Industrials Stage Big Rally

by E.S. Browning

<snip>

Big one-day stock surges, even when they come in rapid succession, have generally been a sign in the past of tough days to come, not of a long-term rally. Of the 20 biggest one-day percentage gains in the Nasdaq composite, 18 have come during this bear market, and all have been followed by more and bigger declines. OF the DJIA's 20 biggest one-day percentage gains, almost all came in the 1930s, a troubled time for stocks.

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