Tuesday Was 4th Largest Point Gain in Dow's History

Today's gain of 415 points ranks 4th on the list of the top positive point days for the Dow. Below we highlight all +300 point days for the Dow. While investors should really look at the daily percentage change for comparison's sake, big up days based on points are significant because of their impact on investor sentiment.

Comments

[Stephen Ros...:]

1.People do take profits after a big up day.
2.What happened on 3/15/2000 and 3/16/2000? Tells you how important a few big days can be to overall gains long term.

2008 Mar 11 07:36 PM

[Tony Soprano:]

Never ever under estimate America, its people, its government, its ideas and its place in the world.

2008 Mar 11 08:51 PM

[sam131:]

you can't use absolute values for ranking purposes .......
what were the percentages of those gains to the Dow ......dow back in 2000 was around 11000 so a 499 point really is almost a 5 % move ...
statistics .....dude

2008 Mar 11 09:55 PM

[Georgie:]

So I'm a bit ignorant here, I'm trying to analyze what are the ripple effects of feds pumping in Billions of dollar into the economy ? Upside is that banks have access to short term credit in return for AAA mortgage . But what is/are the downside ?

2008 Mar 11 10:56 PM

[NoFate:]

This seems to provide strong evidence we are in a bear market.

If I counted correctly, it appears only 1 out of the top 12 point gains were in a bull market.

10 out of 12 were during the 2000-2002 recession (and thus sucker rallies).

The final one was today. This would anecdotally indicate that there is a 10/11 probability (91%) we are in a bear market ...though I agree percent changes are better indicators than points.

2008 Mar 12 04:31 AM

[User 89561:]

What a day!!! We are in the market with all our money except for 8K! We must find a good place for that cash. Bring your ideas to coffee on 3/18/08
Knut

2008 Mar 12 09:23 PM