Gratuitous Market Violence Update

Nearly a bull market!

My buddy Dave points out that SPY, the S&P 500 ETF, is up almost 18 percent since late Friday. 

 

Source

Two things:

1. Anybody looking for a coherent daily market wrap would do worse, make that a lot worse, than check in with Dave’s Daily, or subscribe to the RSS feed. It's published around 6:00 pm ET, Monday through Thursday, with occasional mental and/or dental health breaks.
2. Following up, Monday’s intraday Dow Jones Industrial Average range of a mere 965.81 points was a mere 7.51 standard deviation event.   

Earlier on NakedShorts:

Gratuitous market violence data
Oct. 12 2008