Wednesday, October 5, 2011

Today's little tidbit....

Yesterday's last-hour reversal marked only the 10th time since 1985 that the S&P 500 was down 1% or more at 3 PM and finished the day with a gain. But such rallies rarely show any follow-through; of the previous nine, only two sparked a positive return the next day, and three during the next week.

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