August 8th stock market panic

"We've seen some extreme downside action. But Jim Stack of InvesTech Research reports that on the August 8th panic the ratio of declining stocks to advancing stocks was 77 to 1, a ratio never seen before in the past 80 years. The closest incidents were the May 1940 ratio when France fell to Germany; that ratio was 60 to 1. The second incident was on Black Monday during October 1987 when the ratio was 49 to 1. In both cases, those hugely high ratios marked a near-bottom, and within one month of those ratios the market was 10% higher.”

SPX went from 1101.54 on Aug 9 to 1208.47 on Aug 17, a rise of 9.7%. The SPX future had an even bigger rise.

所有跟帖： 

• 大家都panic的时候，最好就是不动。 -柳眉儿- ♀ (0 bytes) () 08/20/2011 postreply 20:19:04

• Good info! Time for bottom fishing? I have -392- ♂ (28 bytes) () 08/21/2011 postreply 07:34:52