Wednesday, October 16, 2002 Wall Street Journal
Dow Industrials Stage Big Rally
by E.S. Browning
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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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